Chart of the Day: Applied Materials (AMAT)

For the past four months, the price of Applied Materials’ (AMAT) shares have been steadily rising and a trendline has formed on its chart…

Applied Materials (AMATis one of the world’s largest suppliers of semiconductor manufacturing equipment. The company has been the industry leader for over 20 years. Strong demand in semiconductor equipment should fuel growth for the foreseeable future.

Take a look at the 1-year chart of AMAT below with added notations.  You’ll see I highlighted the trendline of support in blue…

See chart and continue reading at STOCKNEWS.com