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Strategies & Market Trends : Alpha Stock Pick Charts

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To: Trader X who wrote ()	2/11/1998 5:15:00 PM
From: Trader X	Read Replies (1) of 70

AMAT, Applied Materials chart reversal. chart2.bigcharts.com:80/chart?time=7&freq=1&uf=0&lf=4&type=4&style=3&size=3&maval=10&state=0&compidx=aaaaa%3A0&symb=amat&ma=3&comp=&trans=0&r=chart&sid=614&sec=c&xyz=183049062&s=23381 I think there is significant enough resistance at the current price range of 34-38 that AMAT should be seeing the $30 neighborhood again very soon. A look at the 2 year weekly chart confirms: chart1.bigcharts.com:80/chart?time=9&freq=2&uf=0&lf=4&type=4&style=3&size=3&maval=10&state=0&compidx=aaaaa%3A0&symb=amat&ma=3&comp=&trans=0&r=chart&sid=614&sec=c&xyz=183706547&s=27085 the price is hitting resistance at the 20 week moving average, currently at 35. Some back and fill between 36 and 30 is in order before the stock can move significantly higher.

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