• user warning: Table './fnndrupaldev/term_node' is marked as crashed and last (automatic?) repair failed query: SELECT t.* FROM term_node r INNER JOIN term_data t ON r.tid = t.tid INNER JOIN vocabulary v ON t.vid = v.vid WHERE r.vid = 453849 ORDER BY v.weight, t.weight, t.name in /var/www/www.fnno.com/htdocs/modules/taxonomy/taxonomy.module on line 617.
  • user warning: Table './fnndrupaldev/sessions' is marked as crashed and last (automatic?) repair failed query: SELECT COUNT(sid) AS count FROM sessions WHERE timestamp >= 1414090805 AND uid = 0 in /var/www/www.fnno.com/htdocs/includes/session.inc on line 111.
  • user warning: Table './fnndrupaldev/sessions' is marked as crashed and last (automatic?) repair failed query: SELECT DISTINCT u.uid, u.name, s.timestamp FROM users u INNER JOIN sessions s ON u.uid = s.uid WHERE s.timestamp >= 1414090805 AND s.uid > 0 ORDER BY s.timestamp DESC in /var/www/www.fnno.com/htdocs/modules/user/user.module on line 765.

Analyst Rating Flashback: Applied Materials Up 0.8% Since Upgraded 7 Days Ago (AMAT)

Published on Wed, 03/06/2013 - 10:08
By Adrienne Chilton

Goldman Sachs upgraded Applied Materials (NASDAQ:AMAT) from Buy to Conviction Buy a week ago. Applied Materials stocks closed at $13.74, a 0.8% gain over the course of one week.

Applied Materials, Inc. develops, manufactures, markets, and services semiconductor wafer fabrication equipment and related spare parts for the worldwide semiconductor industry. The Company's customers include semiconductor wafer and integrated circuit manufacturers, flat panel liquid crystal displays, solar photovoltaic cells and modules and other electronic devices manufacturers.

Over the past year, Applied Materials has traded in a range of $9.95 to $13.99 and is now at $13.74, 38% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has advanced 1.2%.

There is potential upside of 5.4% for shares of Applied Materials based on a current price of $13.74 and an average consensus analyst price target of $14.48. The stock should find initial support at its 50-day moving average (MA) of $12.69 and further support at its 200-day MA of $11.44.

By Adrienne Chilton
achilton@fnno.com

Latest News from FNNO

Alexco Resource Looks to Continue to Tra...

Alexco Resource (AMEX:AXU) traded at a new 52-week low today of $0.49. So far today ap ...

American Water Works: 52-Week High Recen...

American Water Works (NYSE:AWK) traded today at a new 52-week high of $51.84. This new ...

Yamana Gold: New 52-Week Low Set Today (...

Yamana Gold (NYSE:AUY) traded today at a new 52-week low of $5.40. So far today approx ...

Shares of AngloGold Ashanti Fall to a Ne...

AngloGold Ashanti (NYSE:AU) traded at a new 52-week low today of $9.48. So far today a ...

Watch for Continued Gains in Shares of A...

Alexandria Real Estate Equities (NYSE:ARE) traded at a new 52-week high today of $82.77 ...

Recent 52-Week High Exceeded in Shares o...

Amgen (NASDAQ:AMGN) traded at a new 52-week high today of $148.14. This new high was r ...

Recent 52-Week High Exceeded in Shares o...

AMAG Pharmaceuticals (NASDAQ:AMAG) traded today at a new 52-week high of $34.59. So fa ...

Shares of Acadia Realty Trust Rise Above...

Shares of Acadia Realty Trust (NYSE:AKR) traded today at $30.16, breaking its 52-week h ...