$AMAT/NVDA,,,Follow-Up,,, AMAT Closed the day a
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Posted On: 05/16/2017 5:53:41 PM
Re: OldSaltDawg #16999
$AMAT/NVDA,,,Follow-Up,,,
AMAT Closed the day above its 5 year high and only $6 below its all time high,,,As I stated in my 05/08/2017 post here,,,I love this company. Holding for many years and will continue to buy.
The semi-conductor sector is going gangbusters lately,,,my two favorite companies in this sector are NVDA And AMAT
VanEck Vectors Semiconductor (NYSE:SMH) Chart: (Charts wouldn't copy but well worth reviewing)
SMH ChartSMH Chart
A big element behind this, particularly recently, has been the unstoppable NVIDIA Corporation (NASDAQ:NVDA). This graphics card maker has morphed itself into the kind of artificial intelligence/deep learning, and since the intelligentsia are convinced that thinking machines are going to be doing all the work for everyone in a few decades, pushing the unemployment rate to 100% seems to be the flavor of the day. I’ve put this stock in arithmetic scale for dramatic effect:
Stocks in this sector vary in terms of their break-out-ed-ness. Advanced Micro Devices (NASDAQ:AMD) used to have NVDA’s crazy trajectory, but it has stumbled for the moment. Applied Materials (NASDAQ:AMAT) has enjoyed an incredibly steady run lately, and if things keep going higher with semiconductors, we can expect a breakout to lifetime highs here: (Here now)
And: INTC
The big daddy of them all, of course, is Intel (NASDAQ:INTC), and while it is shaping up to a breakout similar to AMAT’s, it has a longer way to go. Indeed, it’s looking the most tired among the semis, and in the weeks ahead it’s going to face a make (green tint) or break (magenta) decision. If the semiconductor group actually has a downturn (if you can imagine such a thing), a break of this lower trendline would be a strong signal as to that event.
AMAT Closed the day above its 5 year high and only $6 below its all time high,,,As I stated in my 05/08/2017 post here,,,I love this company. Holding for many years and will continue to buy.
The semi-conductor sector is going gangbusters lately,,,my two favorite companies in this sector are NVDA And AMAT
VanEck Vectors Semiconductor (NYSE:SMH) Chart: (Charts wouldn't copy but well worth reviewing)
SMH ChartSMH Chart
A big element behind this, particularly recently, has been the unstoppable NVIDIA Corporation (NASDAQ:NVDA). This graphics card maker has morphed itself into the kind of artificial intelligence/deep learning, and since the intelligentsia are convinced that thinking machines are going to be doing all the work for everyone in a few decades, pushing the unemployment rate to 100% seems to be the flavor of the day. I’ve put this stock in arithmetic scale for dramatic effect:
Stocks in this sector vary in terms of their break-out-ed-ness. Advanced Micro Devices (NASDAQ:AMD) used to have NVDA’s crazy trajectory, but it has stumbled for the moment. Applied Materials (NASDAQ:AMAT) has enjoyed an incredibly steady run lately, and if things keep going higher with semiconductors, we can expect a breakout to lifetime highs here: (Here now)
And: INTC
The big daddy of them all, of course, is Intel (NASDAQ:INTC), and while it is shaping up to a breakout similar to AMAT’s, it has a longer way to go. Indeed, it’s looking the most tired among the semis, and in the weeks ahead it’s going to face a make (green tint) or break (magenta) decision. If the semiconductor group actually has a downturn (if you can imagine such a thing), a break of this lower trendline would be a strong signal as to that event.
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