AMAT has stalled as of late and does not fit my usual entry criteria. However, knowing what this company does and based on previous trades I believe we will shortly break the $54 area and hit $60 very shortly.
Price could test the $50 trend line, however, the 100MA is holding for now.
This is a great company with ever increasing growth.
My target is ...
Entry order for AMAT at $44.
We've seen two dojo bars hold the 100ma with a break higher today.
The volume isn't as high as I would like to see, however, the financials look strong and in my opinion the semi conductor industry will only continue to grow.