Applied Materials (AMAT) Offering Possible 20.77% Return Over the Next 9 Calendar Days

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Applied Materials’s most recent trend suggests a bullish bias. One trading opportunity on Applied Materials is a Bull Put Spread using a strike $57.00 short put and a strike $52.00 long put offers a potential 20.77% return on risk over the next 9 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $57.00 by expiration. The full premium credit of $0.86 would be kept by the premium seller. The risk of $4.14 would be incurred if the stock dropped below the $52.00 long put strike price.

The 5-day moving average is moving down which suggests that the short-term momentum for Applied Materials is bearish and the probability of a decline 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 79.91 level which suggests that the stock is neither overbought nor oversold at this time.

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