Even though AMAT recently missed earnings this quarter and received a sell recommendation by many analysts, I see this as a good buy opportunity. We have seen steady upward growth from AMAT and they've had pretty unusual volume when it comes to recent earning plays. I see consistent support in these troughs, the RSI is recovering and believe this stock will bounce back in a big way the next couple months. Something I am personally holding in my portfolio.
I agree with your analysis. AMAT is a solid long term investment, not a short term trade. The company has great fundamentals and is positioned to attract a lot of business moving forward. Broke two points of resistance on 5/29/18. (52.50 and 52.98). Meeting on 5/30/18 should provide some insight and catalyst for further growth.
mblanch8
⋅
@mblanch8, Correction: did not break resistance on 5/29 as stated previously. Won't be long until that happens though.