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Chart of the Day: Getting Back Into Applied Materials Was a No-Brainer
The article discusses the decision to add Applied Materials (AMAT) back into TheStreet Pro Portfolio, citing its strong stock performance alongside other equipment companies like KLA Tencor and ASML Holding. The author highlights AMAT’s consistent higher highs and lows, solid Chaikin money flow, rising stochastics, and new buy signal from MACD, indicating a positive outlook for the stock. Applied Materials is rated as a “buy at anytime” for higher prices.