Shares of Applied Materials, Inc. (NASDAQ:AMAT) are forming a topping tail. In technical analysis, topping tails are extremely bearirsh topping signals. Should this hold all day, it is very possible it will mark a multi-week or multi-month top on Applied Materials. Based on corrective analysis, Applied Materials could see downside to $38.25. Investors should watch this and potentially short the stock or buy puts if the topping tail holds into the stock market close.