Focus Stocks

Sprint Nextel (S)

Sprint Nextel (S)


Yahoo! (YHOO)

Yahoo! (YHOO)


Cisco (CSCO)

Cisco (CSCO)


Netflix (NFLX)

Netflix (NFLX)


Apple (AAPL)

Apple (AAPL)


Featured Stories

Time Warner Inc. Reports Strong Results

Time Warner Inc. Reports Strong Results


Moody’s Reports Earnings

Moody’s Reports Earnings


Emerson Near Resistance

Emerson Near Resistance


Advance Auto Parts Upside Looming?

Advance Auto Parts Upside Looming?


Above Resistance - Starbucks

Above Resistance - Starbucks


Trading Idea - Is Applied Materials close to Support?

New York, Feb 8th (TradersHuddle.com) - Shares of Applied Materials, Inc. (NASDAQ:AMAT) are trading very close to calculated support at $11.66 with current price action closing at just $12.23 places the stock price near levels where traders will start paying attention.

Applied Materials, Inc. (NASDAQ:AMAT) provides nanomanufacturing technology solutions for the semiconductor, flat panel display, solar, and related industries worldwide. The company provides a range of manufacturing equipment used to fabricate semiconductor chips or integrated circuits. Applied Materials' customers include semiconductor wafer and integrated circuit manufacturers, flat panel liquid crystal displays, solar cells, and other electronic devices manufacturers.

Applied Materials' current stock range is defined by current calculated support defined at $11.66 and by the resistance level at $14.94, which should be used by traders planning their trades.

Traders wanting to establish a position should place close attention to Applied Materials' price action, and establish a position as close to support as possible, but only after buying materializes. Traders should understand that the resistance point at $14.94 might limit their upside, however if the stock breaks resistance, it could be a good point to add to the position.



You could minimize risk by trading in stock sectors rather than individual stocks. Find out why ETFs are the hottest investment vehicle on the planet. Try ETF Profits for FREE NOW!

TradersHuddle Search

Sponsored By:

Stock Search:


Site Search:

Loading

Stock Market

Loading
Chart
o Dow Jones 12,883.72 ▲5.52 (0.04%)
o S&P 500 1,349.92 ▲2.87 (0.21%)
o NASDAQ 2,915.08 ▲11.00 (0.38%)
INDEXDJX:.DJI

Dow Jones

Company ID [INDEXDJX:.DJI] Last trade:12,883.72 Trade time:10:09AM EST Value change:▲5.52 (0.04%)
INDEXSP:.INX

S&P 500

Company ID [INDEXSP:.INX] Last trade:1,349.92 Trade time:10:09AM EST Value change:▲2.87 (0.21%)
INDEXNASDAQ:.IXIC

NASDAQ

Company ID [INDEXNASDAQ:.IXIC] Last trade:2,915.08 Trade time:10:09AM EST Value change:▲11.00 (0.38%)
Copyright © 2011 TradersHuddle.com. All Rights Reserved.