• Return to Headlines

Applied Materials Shares Up 28.5% Since SmarTrend's Buy Recommendation (AMAT)

By Shiri Gupta

SmarTrend identified an Uptrend for Applied Materials (NASDAQ:AMAT) on November 18th, 2016 at $30.80. In approximately 4 months, Applied Materials has returned 28.54% as of today's recent price of $39.59.

Over the past year, Applied Materials has traded in a range of $14.25 to $39.71 and is now at $39.59, 178% above that low. The 200-day and 50-day moving averages have moved 0.25% higher and 0.59% higher over the past week, respectively.

Applied Materials, Inc. develops, manufactures, markets, and services semiconductor wafer fabrication equipment and related spare parts for the worldwide semiconductor industry. The Company's customers include semiconductor wafer and integrated circuit manufacturers, flat panel liquid crystal displays, solar photovoltaic cells and modules and other electronic devices manufacturers.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of Applied Materials shares.

Log in and add Applied Materials (AMAT) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.

Keywords: spotlights Applied Materials

Ticker(s): AMAT