Menu
Applied Materials (NASDAQ:AMAT), the world’s largest maker of wafer fabrication equipment for the semiconductor industry, broke through its 200-day moving average and support line as sellers accumulated.
The company’s earnings have been mediocre with FY 2012 estimated at 84 cents, down from $1.30.
The stock has an immediate downside target of $10.50, but further market weakness could drop it to under $10.
Article printed from InvestorPlace Media, http://investorplace.com/2012/05/stocks-to-sell-amat-db-gpc-gld-jnpr-stj/.
©2013 InvestorPlace Media, LLC
Don’t Fear a QE Tapering … Whenever It Finally Comes
FedEx to Market: Global Growth Stinks
What Obesity's New Status Means for Arena and Vivus
Strike While Apple’s Volatility Is Dead
Gold Has Gone Ice-Cold
Sponsored By:
Sponsored By:
Comments are currently unavailable. Please check back soon.