gumbtg
Long

Next leg up - Semi moving higher

NASDAQ:AMAT   APPLIED MATERIALS INC
Both Mu and AMAT seem to be trying to move higher right now. MU has started its run slightly before AMAT .
AMAT trades at fair valuations. EV/EBITDA is at 12.85. PEG ratio is at 0.7. With great growth I feel as thou I am not paying too much at these prices.

We could have a retest of fake out here. I plan to take a position. I should of already taken a pier 1 position, but as usual I become trigger shy after a string of losing trades.

Mar 09
Comment:
Mar 09
Comment:
Mar 09
Comment: Monthly RSI above 70 is always a great thing to have. Such strength above 70. My only concern is the distance between the moving averages.
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