Downtrend Spotted in Shares of Applied Materials (AMAT)
Tuesday, March 9, 2010 - 12:09
Written on Tue, 03/09/2010 - 12:09pm
By Chip Brian

SmarTrend identified a Downtrend for Applied Materials (NASDAQ:AMAT) on January 22, 2010 at $13.00. In approximately 2 months, Applied Materials has returned 5.2% as of today's recent price of $12.32.
Applied Materials is currently below its 50-day moving average of $13.10 and below its 200-day moving average of $12.73. Look for these moving averages to decline to confirm the company's downward momentum.
SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of Applied Materials.

Keywords: Stock research report chart fundamental technical analysis

Ticker(s): AMAT

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