|Day Low/High||251.47 / 253.53|
|52 Wk Low/High||115.32 / 270.99|
Like other chip equipment makers, Applied is slogging through a rough 2019. But it outlined a case for better 2020 demand.
Charts and indicators are weak and pointed lower.
Give dip buyers the benefit of the doubt on Wednesday.
If the S&P 500 was a human, it would be declared dead.
A close above $202 could engage the bull again, with $240 as our next price objective.
Europe has drawn a lot of attention, so some earnings reports may have a delayed effect.