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Applied Materials, Inc. Breaks Above 200-Day Moving Average - Bullish for AMAT
By Dividend Channel Staff, Wednesday, June 20, 11:30 AM ET
In trading on Wednesday, shares of Applied Materials, Inc. (NASDAQ:AMAT) crossed above their 200 day moving average of $11.54, changing hands as high as $11.58 per share. Applied Materials, Inc. shares are currently trading up about 2.9% on the day. The chart below shows the one year performance of AMAT shares, versus its 200 day moving average:
Looking at the chart above, AMAT's low point in its 52 week range is $9.70 per share, with $13.94 as the 52 week high point — that compares with a last trade of $11.47.
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According to the ETF Finder at ETF Channel, AMAT makes up 7.86% of the iShares PHLX SOX Semiconductor Sector Index Fund ETF (NASDAQ:SOXX) which is trading higher by about 0.4% on the day Wednesday.
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