Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 249.69

-3.5%

1:23 PM EST

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To: Trader X who wrote (13986)	12/31/1997 3:09:00 PM
From: davesd	Read Replies (1) of 70976

Kevin, from the looks of the chart...it looks like there was good support at the 26 level....since then AMAT has made higher highs and higher lows...that is a bullish indicator. In the shorterm at least. However, the one concern I have is that the volume on the move up from 26 has been well below average...to me that indicates that this move up does not have a strong foundation and that any bad news could have a significant impact on the stock. Then again...the holiday season may be to blame for the low volume. So, at this point I am waiting till next week to determine what is going on technically in this stock. dave

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