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Applied Materials Crosses Above its 10-day MA (AMAT)

By Nick Russo

Today, shares of Applied Materials (NASDAQ:AMAT) have crossed bullishly above their 10-day moving average of $20.10 on a volume of 20.5 million shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, Applied Materials share prices have been bracketed by a low of $14.25 and a high of $22.75 and are now at $22.56, 58% above that low price. The 200-day and 50-day moving averages have moved 0.25% higher and 0.59% higher over the past week, respectively.

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

Keywords: moving crosses Applied Materials

Ticker(s): AMAT