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Top Stock #7: Applied Materials Inc. (AMAT)
Applied Materials Inc. (AMAT), the world’s largest maker of wafer fabrication equipment for the semiconductor industry, is holding in a broad bull channel that began in November
below $8, with a top at $16.Several weeks ago, Standard & Poor’s chose Applied Materials as its “Stock of the Week,” with a 12-month target of $17 and a “five-star strong
buy” rating. However, the break from a pattern of tops drawn from July to December tells us that the high-volume buying will most likely continue.
Longer term, this may push the stock even higher than the trading target of $17.
Top 8 Stocks for January
Article printed from InvestorPlace Media, http://www.investorplace.com/2010/01/top-stocks-to-buy-for-january/.
©2012 InvestorPlace Media, LLC
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