DailyPlay For Wednesday March 21st, 2018 – Applied Materials (AMAT)

The bullish DailyPlay we chose for Wednesday March 21st is Applied Materials (AMAT). AMAT is part of the Technology Sector (XLK). Over the last month, XLK has experienced a 1.52% move higher and its 1m and 6m trend has turned bullish on 2/15 and recently bounced higher off its $68 support level.

Applied Material’s 1m and 6m trends turned bullish on 2/15 and recently bounced off its $59 support level. With a technical score of 9 (out of 10), AMAT is a strong bullish stock that will likely continue higher.

View this Trade Idea on AMAT

As a stop loss, if AMAT was to trade below $59 for multiple days, this would invalidate our analysis and suggest getting out of the trade.