Semiconductors Spark Back to Life – Applied Materials (AMAT) – Bullish DailyPlay – April 3rd, 2019

The bullish DailyPlay we chose for Wednesday, April 3rd is Applied Materials (AMATWealth Strength IndexAMAT is Extremely Flat and trending Down). AMATWealth Strength IndexAMAT is Extremely Flat and trending Down is part of the Technology Sector (XLK). XLK has rallied 5.97% higher over the past month and its 1m and 6m trend turned bullish on March 11th and is breaking above its $75 resistance level.


Applied Material’s 1m and 6m trends turned bullish on March 29th and recently bounced higher off its $39 support level. With a technical score of 8 (out of 10), AMATWealth Strength IndexAMAT is Extremely Flat and trending Down is a bullish stock that will likely continue higher.

As a stop loss, if AMATWealth Strength IndexAMAT is Extremely Flat and trending Down was to trade below $39 for multiple days, this would invalidate our analysis and suggest getting out of the trade.
View AMATWealth Strength IndexAMAT is Extremely Flat and trending Down Trade