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.
(0)
(0)
Applied Materials Inc. (AMAT) Stock Research Links
I was trained as a psychologist, then I applied what I knew to stock trading. Stocks are representing emotion of those who buy/sell them. I post all of my trades on Insert-tag-hereVerifiedInvesting.com where they are confirmed for legitamacy by their independent verification system. I've been trading since the 90s.