Applied Materials
AMAT
Delayed Nasdaq - 08/20 10:00:00 pm
43.53USD
-0.55%

There is still some upside potential

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Anas Lozach
Analyst

Strategy published on : 06/12/2018 | 16:47

long trade
Stop-loss triggered

Entry price : 50.2$
Target : 56$
Stop-loss : 47.2$
Potential : 11.55%

Applied Materials's shares display attractive technical aspects to anticipate a comeback of the underlying trend.
Investors have an opportunity to buy the stock and target the $ 56.

Summary

● The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.


Strengths

● The close medium term support offers good timing for purchasing the stock.

● The group's activity appears highly profitable thanks to its outperforming net margins.

● Thanks to a sound financial situation, the firm has significant leeway for investment.

● Over the last twelve months, the sales forecast has been frequently revised upwards.

● Analysts covering this company mostly recommend stock overweighting or purchase.

● The average target price set by analysts covering the stock is above current prices and offers a tremendous appreciation potential.

Zonebourse.com 2018
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