Applied Materials Navigates A Bearish Trend With Bullish Hopes Ahead Of Q3 Earnings
AMATApplied Materials(AMAT) Benzinga·2024-08-14 23:56

Applied Materials Inc AMAT is up 39.48% over the past year, and 28.21% year-to-date.Let’s look at what the charts indicate for the company’s stock ahead of third-quarter earnings, set to be released on Thursday after market hours.Bearish Trend With Buying PressureApplied Materials’ stock is exhibiting a mixed technical picture. The current share price of $201.21 is below its five, 20 and 50-day exponential moving averages, indicating a strongly bearish trend. Despite this, Applied Materials’ stock is showin ...