AMAT, bearish flag?bearish flag formed along with daily high of ~52 meeting prior common resistance/support price. maybe it will drop further
not a financial advise
AMAT trade ideas
AMAT one to consider longHas bettered its high from 2000 (57.50) recently and now just below it. I favor it likely soon be back above it and have gone long. Could use current short term uptrend line as a stop. If it happens we could see major % gain long term. Process your way.
Also see excellent chart by Alex_Quiroga
www.tradingview.com
seekingalpha.com
AMAT Double Bottom breakout!AMAT is now facing resistance after completing the second triangle of the double bottom. It is currently trading on good volume which could represent a breakout towards $58 mark. As you can see each bottom took roughly 6 days to complete, which gives me reason to believe we can see at least a 4% increase over the next 7 days.
AMAT with an 6-8% upside. Semiconductors are HOT!An inverse head and shoulders pattern is developing which could reach neck line by tomorrow. At that point we can expect a breakout initially to 61, with a retrace back to the original neckline and then to a target of 64.5, at which point i would sell. There is significant resistance at the 59 mark. I would not expect a breach below that level. This is an 6-8% upside from current levels with potential to be reached by 3/30
My Poor Abandoned Baby :(AMAT looking for continuation ...if Trump shuts his mouth or breaks a couple of fingers playing golf.
The last PushJust in time, the levels show patterns that indicate that it still have more to give.
This was a pretty quick change of mind. I reach to cancel the previous publication where i was short in this pair. When I analyzed the chart on a smaller scale, I discovered something interesting. I was tracing the angle from the wrong point.
Long up to 73.
Best wishes to all
Next leg up - Semi moving higherBoth Mu and AMAT seem to be trying to move higher right now. MU has started its run slightly before AMAT.
AMAT trades at fair valuations. EV/EBITDA is at 12.85. PEG ratio is at 0.7. With great growth I feel as thou I am not paying too much at these prices.
We could have a retest of fake out here. I plan to take a position. I should of already taken a pier 1 position, but as usual I become trigger shy after a string of losing trades.
Nice ATH BreakoutConsidering getting in if we have a pullback, or looking for entry on smaller frame.
Applied Materials Another unpublished ideaI had posted this to my personal page.
I had seen this double pattern happen a few times going back.
I ended up missing the bottom by a bit but feel I still got in at a good spot.
(*Note this was my first ever stock purchase)
Since the run up has happened quicker than expected I am not sure what to think.
It would seem another small correction is coming like in the circle.
After that another strong uptrend.
I will try to update with a new trend after some more data.
I see great potential with AMAT and feel its a good long term investment.
AMAT is breaking out from ABCD triangle.. AMAT seems like rebounding.
+Breakout from Triangle pattern.
+Price break and move above EMA20 & EMA50
-But volume is not significant
+ Buy signal appears on Bollinger Band
+ Force index turned +ve - Bull gaining momentum
+ Oscillator suggest selling is overdone (oversold)
Suggest partial buy.
Record year behind - outbreak before?Applied Materials, Inc. is currently one of the top-performing stocks in the technology sector. Applied Materials reported record revenue and operating profit for its fiscal 2018 first quarter and was upgraded to a Zacks #1 Rank List.
Applied Materials is the world’s largest manufacturer of semiconductor equipment. The company also produces items for the production of liquid crystal displays and solar cells.
What has happened lately?
On February 14, 2018 Applied Materials, Inc. reported financial results for its fiscal 2018 first quarter ended January 28, 2018.
The reporting period brought the company a record quarter revenue of $4.20 billion, which is 28 percent higher than the $3.28 billion recorded a year ago. Compared to the previous quarter, revenue increased by 5.9%.
“We see sustainable strength in our markets as large, powerful trends drive a fundamental shift in the demand for semiconductors and displays,” said Gary Dickerson, president and CEO. \u2028
The board of directors of Applied Materials approved a new $6.0 billion share repurchase program. The quarterly cash dividend the company pays to its shareholders is doubling to 20 cents per share.
On February 20, 2018 Applied Materials, Inc. was upgraded to a Zacks #1 Rank List (Strong Buy) and has a VGM Score of B.
Applied Materials expects net sales to be between $4.35 billion and $4.55 billion in the second quarter of fiscal 2018.
What do the analysts say?
Based on the views of eight analysts, which I have considered:
Applied Materials' average price target is 72.14 US-Dollar.
The maximum price target is 75.00 US-dollar.
The lowest price target is 70.00 US-dollar.
Today AMAT’s stock price is about 60.03 US-Dollar a share.
Fundamental Data:
P/E ratio: 18.01 / Sales growth: 34.29% / Profit growth: 99.54% / Dividend: $ 0.40 / 0.69% (Source: teletrader).
What do the technical analysis methods I use say?
Oscillator: The RSI is around 80 - overbought!
Price Indicator: The stock price is above the SMA200 ($50).
Trend indicator: The MACD is currently in the positive zone.
The risk management tool used here is the own-developed “Traffic Signals System” (TSS) and is preferably used in analyzes by Ritschy Dobetsberger.
The black line in the chart: the starting price of the idea is 60.03 US-Dollar.
Noteworthy, in the chart is the eruption from the yellow rectangle with the candle today, March 6th.
The red line in the chart: the stop loss is lying at 55.40 US-Dollar. Thus, the stop-loss is at a risk of about -7.71 percent and on the low of the candle from 2 March!
CONCLUSION:
Applied Materials reported impressive first-quarter fiscal 2018 results. The reported first-quarter profit and revenue were above Wall Street estimates.
Based on the fundamental and chart analysis, the company has a great potential to grow further sustainably and profitably. Therefore, this position trading idea is started here!
Today's breakout from the yellow rectangle with the candle has also prompted the technical start of this idea.
Parameters of the Idea - Start of the idea: $60.03
Recent stock price: $60.03 (+0,00% from the starting price)
Stop-Loss of the idea: $55.40 (-7,71% from the starting price)
Take Profit of the idea: $75 (highest target price)
This idea has been running since March 6, 2018.
Disclosure:
"The trading ideas published here are neither to be understood as a recommendation nor as an offer or an invitation to buy or sell financial instruments and should not be understood as such.
You must also assume that the author holds the recommended position in his portfolio and benefits from the implementation of his trading ideas.”
Amat Cup n HandleAmat has been on a tear since earning. I think we will see a small sell off as we approach the 9 sell on the daily, we should test the 100 EMA and then start the accent all while forming a nice clean handle that should lead to a breakout!
Buy point 58.83
First target 60.89
Second target 61.92
Third target 62.91
Ultimate target 72 (may takes 6 ~ 8 weeks)
Technology stocks for 2018 #3 (AMAT)Sector: Technology
Industry: Semiconductor Equipment & Materials
Applied Materials, Inc. provides manufacturing equipment, services, and software to the semiconductor, display, and related industries worldwide. It operates through three segments: Semiconductor Systems, Applied Global Services, and Display and Adjacent Markets. The Semiconductor Systems segment develops, manufactures, and sells a range of manufacturing equipment used to fabricate semiconductor chips or integrated circuits.
www.morningstar.com
The concept behind trend following is for example: this stock make 67% the last year and is yet trending.
But for this reason now your PE-Ratio: 21.17 Is high, for some investors but this is not my decision
All the ideas in this series of publications called "Technology stocks for 2018" Are Trend Following.
No price patterns in this series. Do it easy, No technical analysis
Trend Following
AMAT sideways until EWill this break above $60.89 after earnings or will it hit it and head back down?
AMAT Cup with Handle Possible buy signal $60.9Looks like a good possible set up. I like the volume spikes just need a couple more.
#AMAT #stock #long #buy #bullflagI like AMAT. It has formed one of my favorite patterns: They bullflag. MACD looks good. OBV looks good. Trend looks good.
Daily
Daily looks good. trend is up. MACD is up. OBV is up.
Weekly
MACD is about to cross up. OBV is ok. Trend line is up.
