Log in or Sign up

ET News & Sponsor Info

General Topics

Markets

Technical Topics

Brokerage Firms

Company Specific

Interactive Brokers

Tools of the Trade

Trading for a Living

Community Lounge

Site Support

Feedback

AMAT just delivered blow out earnings !

Discussion in 'Stocks' started by derektrader, Aug 13, 2020.

derektrader
- 951
  Posts
- 245
  Likes
derektrader said:
I see price targets going to 80 tomorrow. Maybe an 85 from a very enthusiastic analyst. Its a cheap stock compared to klac and lrcx.
I see the high tomorrow at 67.50-68. If the street loves it and believes the forecasts, it will go to 70.
Be careful though. I dont like how MU rolled over or how NVDA may have topped out today.

a side note about AMAT despite their awesome forecast. Intel ( INTC ) is a very large customer of theirs and INTC has been acting horribly and underperforming based on lack luster earnings. Keep that in mind as well as my other chip mentions.
More...

look at what I posted yesterday after hours. AMAT followed the script exactly today. This is technicals 101.

#11 Aug 14, 2020

Share

(You must log in or sign up to reply here.)

Search