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AMAT trade ideas

Key Chip Stock Has Pulled Back After Monster QuarterChip stocks are the best performing major industry group so far this year, and Applied Materials has been one of the strongest in the index. The provider of semiconductor equipment has scored double beats (earnings and revenue) all four quarters of 2020. AMAT spiked to a new record high above $63 after its last report in mid-November, followed by a pullback into the mid-50s. Buyers have returned to defend its previous consolidation zone between $55 and $56.50. Now the stock is pushing higher along with the Philadelphia Semiconductor Index and challenging another key zone: AMAT’s November 25 and 26 high of $58.42. Momentum buyers may look to add if the stock clears this level. Finally, a fundamental note on semiconductors in general: While orders slowed for most of 2019, data from the Semiconductor Industry Association showed them turning positive again in September and October. Furthermore, economic growth estimates have ratcheted up lately – especially after last week’s non-farm payrolls report. That typically favors chips because they’re cyclical. On top of that, 5G networking is expected to drive growth for several years into the future.
NASDAQ:AMATLong
by TradeStation
$AMAT Uptrend Still In Tact$AMAT remains firmly in an uptrend and the dip looks to be a buying opportunity. Applied Materials, Inc. provides manufacturing equipment, services, and software to the semiconductor, display, and related industries. It operates through three segments: Semiconductor Systems, Applied Global Services, and Display and Adjacent Markets. The Semiconductor Systems segment develops, manufactures, and sells various manufacturing equipment that is used to fabricate semiconductor chips or integrated circuits. This segment also offers various technologies, including epitaxy, ion implantation, oxidation and nitridation, rapid thermal processing, physical vapor deposition, chemical vapor deposition, chemical mechanical planarization, electrochemical deposition, atomic layer deposition, etching, and selective removal, as well as metrology and inspection tools. The Applied Global Services segment provides integrated solutions to optimize equipment and fab performance and productivity comprising spares, upgrades, services, remanufactured earlier generation equipment, and factory automation software for semiconductor, display, and other products. The Display and Adjacent Markets segment offers products for manufacturing liquid crystal displays; organic light-emitting diodes; and other display technologies for TVs, monitors, laptops, personal computers, electronic tablets, smart phones, and other consumer-oriented devices, as well as equipment for flexible substrates. The company serves manufacturers of semiconductor wafers and chips, liquid crystal and organic light-emitting diode displays, and other electronic devices. It operates in the United States, China, Korea, Taiwan, Japan, Southeast Asia, and Europe. Applied Materials, Inc. was founded in 1967 and is headquartered in Santa Clara, California. As always, use protective stops and trade with caution. Good luck to all!
NASDAQ:AMATLong
by InsiderFinancial
$AMAT Breaks Out, More Gains To Come$AMAT has been a strong performer year-to-date. The stock is up 89% since January 1 and we think there's further gains to be had. After posting strong Q4 earnings, $AMAT got a string of upgrades. Cowen maintains an Outperform rating on Applied Materials (NASDAQ:AMAT) and lifts the target from $65 to $75 after Q4 beat and upside outlook. The firm says investors are willing to pay 15x-16x multiples on peak earnings, which creates a path to $80/share. Cowen also notes AMAT sees early signs of 3D NAND recovery. More action: Evercore (Outperform) raises AMAT by $10 to $70, and KeyBanc (Overweight) moves from $54 to $70. Applied Materials, Inc. provides manufacturing equipment, services, and software to the semiconductor, display, and related industries. It operates through three segments: Semiconductor Systems, Applied Global Services, and Display and Adjacent Markets. The Semiconductor Systems segment develops, manufactures, and sells various manufacturing equipment that is used to fabricate semiconductor chips or integrated circuits. This segment also offers various technologies, including epitaxy, ion implantation, oxidation and nitridation, rapid thermal processing, physical vapor deposition, chemical vapor deposition, chemical mechanical planarization, electrochemical deposition, atomic layer deposition, etching, and selective removal, as well as metrology and inspection tools. The Applied Global Services segment provides integrated solutions to optimize equipment and fab performance and productivity comprising spares, upgrades, services, remanufactured earlier generation equipment, and factory automation software for semiconductor, display, and other products. The Display and Adjacent Markets segment offers products for manufacturing liquid crystal displays; organic light-emitting diodes; and other display technologies for TVs, monitors, laptops, personal computers, electronic tablets, smart phones, and other consumer-oriented devices, as well as equipment for flexible substrates. The company serves manufacturers of semiconductor wafers and chips, liquid crystal and organic light-emitting diode displays, and other electronic devices. It operates in the United States, China, Korea, Taiwan, Japan, Southeast Asia, and Europe. Applied Materials, Inc. was founded in 1967 and is headquartered in Santa Clara, California. As always, use protective stops and trade with caution. Good luck to all!
NASDAQ:AMATLong
by InsiderFinancial
AMAT - Materializing A BreakoutAMAT is a rather standard chart. An Ascending Triangle pattern has formed since the Christmas Eve low with only a couple of instances where the rising support line was broken. Each time the line was broken it was by a small amount & each time the line was regained shortly after. A multiple top pattern dating from late July led to the resistance line across the top of the chart. The breakout happened on October 24th. I am just waiting for the eventual pullback re-test to see if resistance has now become support.
NASDAQ:AMATLong
by Chartimistic
Short AMAT - Bearish Divergences I see both on the 1D and 4H charts a bearish divergence on the MACD-H and EFI against prices. AMAT is pretty volatile so I suspect the divergence will lead to a move on the 1D chart to the -1 to -2 ATR lines (see the dotted 2 lines). This is because the divergence is strong and this ticker often times hits -1.5 and -2 ATR lines. DMI shows ADX at the bottom, and -DI will go up, while +DI goes down. I expect ADX to rise along with -DI going up, possibly crossing it, this will then confirm the bearish strength. I have to monitor the flow of the trade to decide where to get out. The estimate will be at least 49.03, but I set my target to 48.47 on the -2 ATR line, which will probably become -1 ATR when the decline sets in. The StopLoss is set a bit above the resistance line. 1.5 ATR away I will decide if I will see if it opens higher so I short from around 52. The other option is to go for a market order before I'm too late to short.
NASDAQ:AMATShort
by Tornado_Trading
$AMAT Applied Materials heading for All Time HighsEntry level $53.00 = Target price $63.00 = Stop loss $ 51.00 Bullish indicators point to further advances and a break from ascending triangle. Possible test of all time highs. P/E ratio 17 Average analysts price target $54 | Overweight Company profile Applied Materials, Inc. engages in the provision of materials engineering solutions used to produce new chip and advanced display. It operates through the following segments: Semiconductor Systems, Applied Global Services, and Display and Adjacent Markets. The Semiconductor Systems segment includes semiconductor capital equipment for deposition, etch, ion implantation, rapid thermal processing, chemical mechanical planarization, metrology and inspection, and wafer level packaging. The Applied Global Services segment provides solutions to optimize equipment, performance, and productivity. The Display and Adjacent Markets segment offers products for manufacturing liquid crystal displays, organic light-emitting diodes; coating systems and display technologies for television; personal computers, tablets, smart phones, and consumer-oriented devices. The company was founded on November 10, 1967 and is headquartered in Santa Clara, CA.
NASDAQ:AMATLong
by Bullishcharts