• Return to Headlines

Applied Material Crosses Below its 10-day MA (AMAT)

By Amy Schwartz

Applied Material (NASDAQ:AMAT) crossed under its 10-day moving average of $48.80 on a volume of 2.4 million shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, shares of Applied Material have traded between a low of $41.94 and a high of $62.40 and are now at $48.10, which is 15% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has declined 0.3%.

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