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Applied Materials (AMAT) Crossed Above the 20-Day Moving Average: What That Means for Investors
Applied Materials (AMAT) has shown a short-term bullish trend after its stock price crossed above the 20-day moving average, a key technical indicator. The company also holds a Zacks Rank #2 (Buy), supported by positive earnings estimate revisions, suggesting potential for further gains. Investors may want to monitor AMAT due to these technical and fundamental strengths.