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AMAT Setting Up Well With Earnings Approaching

  • Writer: TLivingstonBlog
    TLivingstonBlog
  • Aug 5, 2021
  • 2 min read

Semiconductor stock Applied Materials (AMAT) is setting up well for a potentially strong move higher. The semiconductor space has been a focus of mine over the past few months due to the semiconductor chip shortage. I took positions in NVDA and AMAT in late May. My Nvidia position is currently my strongest holding while I was stopped out of AMAT after buying it. While it can be frustrating to be knocked out of a stock, it is just part of trading. The key is to not tune a stock out completely and to watch to see if another entry point presents itself. This looks to be the case with Applied Materials. After shaking out below the 50-day moving average in July, AMAT has really been tightening up over the last week. Compressed action like this on the right side of a base is extremely constructive. I took a position in AMAT around $144 on Monday. It is important to note that Applied Materials is set to release earnings in two weeks. Earnings season always adds added volatility so risk management as usual is an essential aspect of profitable trading.

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Full Disclosure: I currently own AMAT.


Disclaimer: This information is issued solely for informational and educational purposes and does not constitute an offer to sell or a solicitation of an offer to buy securities. None of the information contained in this post constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable for any specific person. From time to time, the content creator or its affiliates may hold positions or other interests in securities mentioned in this blog or the associated Twitter and Instagram feeds. The stock or stocks presented are not to be considered a recommendation to buy any stock or stocks. This material does not take into account your particular investment objectives. Investors should consult their own financial or investment adviser before trading or acting upon any information provided. Past performance is not indicative of future results.

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Hypothetical Performance Disclosure: Hypothetical performance results have many inherent limitations, some of which are described below. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown; in fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. In addition, hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk of actual trading. for example, the ability to withstand losses or to adhere to a particular trading program in spite of trading losses are material points which can also adversely affect actual trading results. There are numerous other factors related to the markets in general or to the implementation of any specific trading program which cannot be fully accounted for in the preparation of hypothetical performance results and all which can adversely affect trading results.

Risk Disclosure: Futures and forex trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing ones’ financial security or life style. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results.

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