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Applied Materials Bullish Moving Average Crossover Alert (AMAT)

By James Quinn

Applied Materials (NASDAQ:AMAT) crossed over its 10-day moving average of $29.78 on a volume of 1.6 million shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

Over the past year, Applied Materials has traded in a range of $14.25 to $31.07 and is now at $29.90, 110% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 0.6%.

SmarTrend recommended that subscribers consider buying shares of Applied Materials on May 20th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $22.24. Since that recommendation, shares of Applied Materials have risen 33.1%. We continue to monitor AMAT for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses Applied Materials

Ticker(s): AMAT