A Real Money subscriber asked for an update on Applied Materials (AMAT) , so let's check out the charts and indicators. In our review of August 26, we wrote that "In our May 26 update, we recommended that 'Traders who were stopped out could rebuy AMAT on a dip towards $130. Risk to $121. The $176 area is our price objective.' Hold those longs and consider buying more on strength above $150. Our price target for now is the $176-$184 area."
Let's see how the charts look today.