Applied Materials (AMAT) NewsBite - AMAT Could Be On the Move
Oct 12, 2009 (Fresh Brewed Media via COMTEX) --
Company: Applied Materials, Inc. (AMAT)
Applied Materials (AMAT) could be on the move today and is now at $13.54, up $0.32 (2.42%) on volume of 2,597,201 shares traded. Over the last 52 weeks the stock has ranged from a low of $7.80 to a high of $14.19. was covered in a Vic Wisemann report today. To read the report, and see Vic's earnings season preview, go to www.marketintelligencecenter.com/vw101209 . Applied Materials stock has been showing support around $12.81 and resistance in the $13.43 range. Technical indicators for the stock are bullish and S&P gives AMAT a positive 5 STARS (out of 5) strong buy ranking. If you are looking for a hedged play on AMAT the stock seems like it could be a candidate for an April out-of-the-money bull-put credit spread below the 12 range.
ABR-Seven Summits Strategic Investments NewsBite Goto www.iotogo.com/18w1 for our free report titled, The 18 Ways To Know When It's Time To Dump A Stock
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Company: Applied Materials, Inc. (AMAT)
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