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Large Cap Semi Equipment Leader with an Explosive Breakout

Large Cap Semi Equipment Leader with an Explosive Breakout

by | Nov 4, 2021 | Chart SetUps

Applied Materials (AMAT) breaking out of a multi-month consolidation range with a strong move and seeing buyers active in 2500 January $160 calls today. Weekly MACD also looks to be crossing bullish and RSI working out of a downtrend for this next leg up.