US Stock In Play: $AMAT (Applied Materials Inc)
AMAT dipped -2.45% ($139.54) from last night’s session where major averages pulled back from record highs to close in negative territory during regular trading. AMAT have established its all time high during the week’s opening at $146 level.The correction in
AMAT coincide with its price action currently resisted at its upper trendline resistance. At the current junction, AMAT structural trend channel remains intact. The breach of support at $128 level will reflect the first sign weakness for in its upside momentum in the short term.AMAT provides manufacturing equipment, services, and software to the semiconductor, display, and related industries.
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