Bullish – AMAT $40.99 – Technology
The bullish DailyPlay we chose for Wednesday, April 3rd is Applied Materials (AMAT). AMAT is part of the Technology Sector (XLK). XLK has rallied 5.97% higher over the past month and its 1m and 6m trend turned bullish on March 11th and is breaking above its $75 resistance level.
Applied Material’s 1m and 6m trends turned bullish on March 29th and recently bounced higher off its $39 support level. With a technical score of 8 (out of 10), AMAT is a bullish stock that will likely continue higher.
As a stop loss, if AMAT was to trade below $39 for multiple days, this would invalidate our analysis and suggest getting out of the trade.
View AMAT Trade
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