Bullishcharts
Long

Applied Materials breakout trade $amat

NASDAQ:AMAT   APPLIED MATERIALS INC
Entry level $63.25 ( dependent on the open) - Target price $76.16 = Stop loss $61
We either get a doublke top rejection or a major breakout, given the market strenght and
storn senbtiment in the sector we believes that the odds are a break to the upside is imminent.
Bullish cross of 50 & 100 moving averages.
RSI and Momentum in strong uptrend.
MACD at breakout level.
Needs a day of significant volume to make sustained breakout.
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