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Politics : Formerly About Applied Materials
AMAT 253.43+2.0%3:59 PM EST

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To: Snowshoe who wrote (12739)12/8/1997 11:58:00 AM
From: Proud_Infidel  Read Replies (2) of 70976
 
KLAC up ~10% while AMAT up only ~2%. The $36 level seems to be a great barrier to overcome for AMAT. Any of our TA experts want to comment? I believe the 200 DMA is around $36 so a breakout from this area could send the stock to the $40 area in no time. KLAC & AMAT move in unison most of the time so todays disparity has me shaking my head. Although KLAC did announce a repurchase plan today, but only for 200,000 shares.

Regards,

Brian
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