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Watch for Shares of Applied Materials (AMAT) to Approach Resistance at $44.20

By Shiri Gupta

Shares of Applied Materials (NASDAQ:AMAT) opened today above their pivot of $43.36 and have already reached the first level of resistance at $43.65. Investors may be interested in a cross of the next upside pivot targets of $44.20 and $45.04.

Potential upside of 0.0% exists for Applied Materials, based on a current level of $0.00 and analysts' average consensus price target of $41.14. Applied Materials shares should first meet resistance at the 200-day moving average (MA) of $17.77 and find additional resistance at the 50-day MA of $20.41.

In the past 52 weeks, Applied Materials share prices have been bracketed by a current low of $0.00 and a high of $47.86 and are now at $0.00. The 200-day and 50-day moving averages have moved 0.25% higher and 0.59% higher over the past week, respectively.

SmarTrend is monitoring the recent change of momentum in Applied Materials. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Applied Materials in search of a potential trend change.

Keywords: pivot alerts Applied Materials

Ticker(s): AMAT