AMAT - Applied Materials Stock Analysis

Based on Technical Analysis, the idea is to go long as per major trend - watch out the possible price set back before starting a new rally.

Applied Materials (AMAT) – Applied Materials reported adjusted quarterly earnings of $1.06 per share, 11 cents above estimates, while the maker of semiconductor manufacturing equipment also saw revenue beat Wall Street forecasts. Applied Materials also gave an upbeat current-quarter forecast amid rebounding demand.
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