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

By David Diaz

Applied Material (NASDAQ:AMAT) crossed under its 10-day moving average of $39.73 on a volume of 1.6 million shares. Swing traders may find 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 $28.79 and a high of $61.57 and are now at $39.54, which is 37% above that low price. The 200-day and 50-day moving averages have moved 0.73% lower and 1.82% higher over the past week, respectively.

SmarTrend is tracking the current trend status for Applied Material and will alert subscribers who have AMAT in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses applied material

Ticker(s): AMAT