Things to focus on technical daily chart of AMAT is the huge spike in volume last week. Probably, it could have marked the end of the slide and beginning of bottoming. Although both 50 day and 200 day moving averages are falling, the rising KD shows the stock is probably now in recovery mode. A close above $12.33 would impart bullishness and would help the stock move to the 12.75-13.08 band. Let’s keep ana eye on AMAT.
Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations.The charts provided here are not meant for investment purposes and only serve as technical examples.