Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 248.42

-4.0%

Dec 17 3:59 PM EST

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To: Gottfried who wrote (14017)	1/1/1998 10:45:00 PM
From: greg nus	Read Replies (1) of 70976

GM BB, Thread... Here is a strong indication that AMAT is about to pop above It's upper Bollenger Band. Breaking the upper Bollenger Band is a positive sign. An good indication of higher prices to come. A close above 31 would confirm it. It's happening on weak volume so the move could be somewhat suspect. We should know no later then close monday. However perhaps AMAT will set a new trading range of 30. to 33/34. Next major resistance is around 33. Remember AMAT must climb a wall of worry. Asia is prettymuch discounted in the stockprice. Strong sales of .25u equipment have not been factored in. Continues good news of the .25u sales will help climb the worry wall.

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