Will Applied Materials (AMAT Stock) move towards the 120 level?
Today’s instrument is the Applied Materials Inc.‘s stock traded in Nasdaq exchange under the ticker AMAT.
Looking at the AMAT‘s chart, we see that it has climbed from the past month’s low of around $106.20 to the current pre-market price of around $116.45.
Part of the share’s price increase is due to the better-than-expected quarterly earnings which were announced last night.
Today we should expect a further increase towards its resistance level at around $19.50-120.