Applied Materials (AMAT) Offering Possible 74.83% Return Over the Next 10 Calendar Days

Applied Materials's most recent trend suggests a bullish bias. One trading opportunity on Applied Materials is a Bull Put Spread using a strike $138.00 short put and a strike $133.00 long put offers a potential 74.83% return on risk over the next 10 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $138.00 by expiration. The full premium credit of $2.14 would be kept by the premium seller. The risk of $2.86 would be incurred if the stock dropped below the $133.00 long put strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for Applied Materials is bullish and the probability of a rise in share price is higher if the stock starts trending.

The 20-day moving average is moving up which suggests that the medium-term momentum for Applied Materials is bullish.

The RSI indicator is at 74.37 level which suggests that the stock is neither overbought nor oversold at this time.

To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here

LATEST NEWS for Applied Materials

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Surging Earnings Estimates Signal Upside for Applied Materials (AMAT) Stock
Thu, 03 Jun 2021 16:20:04 +0000
Applied Materials (AMAT) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

Dow Jones Reverses, Tech Stocks Fall As Apple, Tesla Sell Off; AMC Stock Crashes 43% On Stock Sale
Thu, 03 Jun 2021 16:03:19 +0000
The Dow Jones Industrial Average reversed higher Thursday, as Apple and Tesla stock slumped. AMC stock crashed 39% after the company filed a stock sale.

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