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AMAT Chart

 
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arthur
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PostPosted: Sun May 08, 2005 7:03 am    Post subject: AMAT Chart Reply with quote
The weekly chart shows AMAT hit a post Nasdaq bubble low at 10.26 in Oct '02, then rallied to 25.94 in Jan '04, and has since retraced over 61.8% of that rally. AMAT may be a buy on a small pullback, e.g. to 15.25, since there may be more upside than downside short-term, or at least a one point bounce to 16.25 within a week.

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