Applied Materials (AMAT)

[optimus203]

Applied Materials Inc. (AMAT) Gets Bullish Confirmation


NEW YORK (Market Intellisearch) -- Shares of Applied Materials Inc. closed above the 50-day moving average of $13.32. When analyzing trading patterns, technical analysts and investors will view this development as a sign of strength. There are key data indicators that may be examined in order to determine where this stock is headed. For instance, the price when compared to the moving average can be used as an indicator to determine the trend.

Today's closing price indicates that AMAT may head higher in the foreseeable future assuming the moving average continues to increase. On the volume side, 18,674,912 shares exchanged hands versus the average volume of 26,843,100. The intraday price range is between $13.10 - $13.49 and the stock's 52 week low is 10.3 and the high is 14.94.

Other relevant figures to examine are the support and resistance levels for AMAT. Applied Materials Inc. settled at $13.39 $0.13(+0.98%), based on the pivot points, the current support and resistance levels are 13.16 and 13.55 respectively. If the resistance point price is broken in an upward movement, then the bullish trend is likely to continue and vice versa.