Goldman upgrades Applied Materials to conviction buy list.

Applied Materials, Inc. (NASDAQ:AMAT)

NASDAQ:AMAT Applied Materials, Inc.

AMAT has had a nice recovery from the December lows, but still remains 20% below its ATH from March 2018. Caution is needed if intending to jump in here now as this is still dependant on China trade talks having a positive outcome.
The chart is bullish but in that holds the danger of overbought conditions.
Indicators are in a very bullish uptrend of higher highs and lows.
Macd getting quite lofty.
Ma's providing support ,
Golden Pocket needs to hold as support.

Penafian

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