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

By Nick Russo

Today, shares of Applied Materials (NASDAQ:AMAT) have advanced above their 10-day MA of $43.08 on a volume of 4.8 million shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Over the past year, Applied Materials has traded in a range of $14.25 to $45.08 and is now at $43.40, 205% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.6% while the 200-day MA has risen 0.3%.

SmarTrend recommended that subscribers consider buying shares of Applied Materials on November 18th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $30.80. Since that recommendation, shares of Applied Materials have risen 38.8%. 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