Applied Materials Testing Major Level
Earlier today Applied Materials (AMAT) tested an important resistance area. With the help of a 2% gain, the stock pushed above the $12 level for the first time since September's peak.
On Sept. 14 a failure to rally past this supply zone, despite very aggressive buying, preceded a deep slide. Eight weeks later AMAT was retesting its 2012 lows. Today shares are battling the $12 area again and, as in previous months, upside momentum appears to be fading....251 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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