To: IQBAL LATIF who wrote (27303 ) 7/1/1999 3:21:00 AM From: IQBAL LATIF Read Replies (2) | Respond to of 50167
Buy Alert! APPLIED MATERIAL INC (AMAT) Nasdaq Report No. 821 Analysis by: Harry Aloof JULY 1, 1999 APPLIED MATERIAL INC (AMAT-Nasdaq): Technical Viewpoint: From a low of $52 3/4 on May 26, 1999 prices rallied, reaching a high of $72.00 on Jun 22, 1999. A decline saw prices pull back, reaching a low of $63 3/8 on Jun 28, 1999. Another rally saw prices penetrate resistance line "A", closing 6/30/99 at $73 7/8. Technicals: MACD-Histogram (MACD-H): A Buy Alert! was given on Jun 8, 1999 when the Histogram crossed the "0" line to the upside. Support: Remains at $64 1/2. Resistance: Is at None at current levels. Point & Figure: Reversed to the upside on Jun 29, 1999. A P&F downside reversal takes place at $70 1/2. Summary: Technical indicators have turned bullish. BUY! APPLIED MATERIAL INC (AMAT-Nasdaq) @ $75 1/8 Stop: Use a protective stop of $72 3/4. APPLIED MATERIAL INC is currently trading @ $73 7/8 plus $4 3/4 on Jun 30, 1999. Price Objective: $98.00. Risk/Reward: $2 3/8 VS. $22 7/8. Today's Risk Reward Ratio: 9:1 Price Objective: $98.00 Risk/Reward: $2 3/8 VS. $22 7/8 Risk/Reward Ratio: 9:1 About Wall Street Trader's Column™ Wall Street Trader's Column™ is the result of over three decades of experience in the stock and commodity futures marketplaces. As a subscriber, you will benefit from years of in-depth study of technical analysis and how these studies can be implemented to make you money. Here at Wall Street Trader's Column™, we screen over 9000 stocks daily--from all major exchanges. About the Editor Harry Aloof's business background as a technical analyst for the commodity futures and US stock markets spans nearly three decades. In 1980 he became a member of CompuTrac/Technical Analysis Group, and in 1988 he became affiliated with Shearson Lehman Hutton as a financial consultant. Mr. Aloof became registered as a Commodity Trading Advisor (CTA) with the National Futures Association (NFA) and established his own private advisory firm in 1989. Harry Aloof is a student of the Tape Reading Art. When studying Technical Analysis back in 1968, Mr. Aloof learned tape reading from one of the largest single traders of the day. Mr. Aloof incorporates his choicest tape reading selections in his technical analysis. Harry Aloof has expertise in stock selection via technical analysis. After researching and testing various technical methods for more than two decades, he developed and now uses a process called LOW-RISK ENTRY POINT™. This process is used as a determining factor for success in the stock market. You should consider using the LOW-RISK ENTRY POINT™ as a guide for purchasing stocks. You will then have the necessary edge and ability to accumulate shares at better prices. This will enable you to build larger positions at better price levels. Why the Report Works! Three Strikes and You're Out: Our stops are close to the market. We will not risk more than 3 7/8 on any trade. If we get stopped out of a position, we have two more opportunities to re-enter the trade if it penetrates the buy point again. After getting stopped out a third time, we call the trade a bust. Protective Stops: This is the price at which a protective stop should be entered. As position advances, stops should be adjusted accordingly. Each buy recommendation comes with a BUY STOP. This is the low risk entry point that you should consider when making a purchase. If the stock does not reach this price then it does not become a buy candidate. If in the following days the prices of the stock reaches the BUY STOP or higher then you may consider purchasing the stock. Once a purchase is made then use the recommended protective stop as indicated in the report(*) Should the stock advance move you protective stock up accordingly. Example : XYZ Corp closed at 50 the previous day. A) A buy stop recommendation of 50 5/8 is made with a protective stop of 47 5/8 (A difference of 3 points) B) Now should the stock advance to 55 5/8 than the protective stop would be 52 5/8 C) Keep advancing the stop as the stock moves up until the stop is penetrated and you exit the position. 10 Most Recent Reports Posted: Jul 1, 1999 APPLIED MATERIAL INC (AMAT-Nasdaq) Posted: Jun 30, 1999 CMGI INC (CMGI-Nasdaq) Posted: Jun 29, 1999 COMPUWARE CORP (CPWR-Nasdaq) Posted: Jun 28, 1999 VIATEL INC (VYTL-Nasdaq) Posted: Jun 25, 1999 POLAROID CORP (PRD-NYSE) Posted: Jun 24, 1999 CIENA CORPORATION (CIEN-Nasdaq) Posted: Jun 23, 1999 NEXTEL COMMUNICATIONS (NXTL-Nasdaq) Posted: Jun 22, 1999 Hewlett-Packard Co (HWP-NYSE) Posted: Jun 21, 1999 LUCENT TECHNOLOGIES (LU-NYSE) Posted: Jun 18, 1999 RAMBUS INC (RMBS-Nasdaq)