mikeffi
Long

AMAT to challenge $17

NASDAQ:AMAT   APPLIED MATERIALS INC
14 0 0
Yesterdays re-test of $16.30 on good trading volume appears to have some potential buying momentum behind it and could be poised to break through this key level. With last session price closing above the 50EMA we could see a move out of the long term downwards trend channel prior to earnings release in November. May suit a short term scalping bought call trade.
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