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Uptrend Call Working As Applied Materials Stock Rises 18.8% (AMAT)
Mar 04, 2013 (SmarTrend(R) Spotlight via COMTEX) --
SmarTrend identified an Uptrend for Applied Materials (NASDAQ:AMAT) on December 24th, 2012 at $11.40. In approximately 2 months, Applied Materials has returned 18.82% as of today's recent price of $13.54.
In the past 52 weeks, shares of Applied Materials have traded between a low of $9.95 and a high of $13.99 and are now at $13.56, which is 36% above that low price. The 200-day and 50-day moving averages have moved 0.55% higher and 2.01% higher over the past week, respectively.
Applied Materials, Inc. develops, manufactures, markets, and services semiconductor wafer fabrication equipment and related spare parts for the worldwide semiconductor industry. The Company's customers include semiconductor wafer and integrated circuit manufacturers, flat panel liquid crystal displays, solar photovoltaic cells and modules and other electronic devices manufacturers.
SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of Applied Materials shares.Log in and add Applied Materials (AMAT) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.
Write to Chip Brian at cbrian@mysmartrend.com
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SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com
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