Applied Materials No-Politics Thread (AMAT) Message Board

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Technology Stocks : Applied Materials No-Politics Thread (AMAT)

AMAT 249.89

+3.1%

Nov 26 3:59 PM EST

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To: etchmeister who wrote (24819)	12/17/2010 8:43:14 PM
From: Gottfried	of 25522

Applied Materials (AMAT) was the beneficiary of a Barclay's upgrade this morning and an upwardly revised target price to 17 from 12, which is having a positive impact on the stock price. An upgrade to an already powerful chart picture and technical set-up aligns the fundamentals and the technicals, in this case both bullish. AMAT is heading next for a confrontation with its 2010 resistance line, now at 13.78, which if hurdled should trigger upside continuation to test 14.00/10. mptrader.com finance.yahoo.com

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