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Applied Material Bullish Moving Average Crossover Alert (AMAT)

By Nick Russo

Applied Material (NASDAQ:AMAT) crossed over its 10-day moving average of $42.25 on a volume of 2.8 million shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, Applied Material share prices have been bracketed by a low of $28.79 and a high of $50.39 and are now at $43.55, 51% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has remained constant.

SmarTrend is monitoring the recent change of momentum in Applied Material. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Applied Material in search of a potential trend change.

Keywords: moving crosses applied material

Ticker(s): AMAT