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| Tags: amat, applied, materials |
AMAT - Applied Materials Inc.
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March 15th, 2008, 02:35 AM
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AMAT - Applied Materials Inc.
Fairly strong trend that I think may be coming to an end shortly or at least a correction. I see similar things as I did on MRK before the drop when I called it short. If your aggressive you can scale in and get some already but it's risky cause there's no clear resistance above. The safe way to play it is short upon a trend breakdown and that gives you a tight stop as well.
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