May 13, 2013 (Market movers via COMTEX) -- One of today's stocks on the move is Applied Materials (NASDAQ:AMAT), down 1.6% to $14.72. The S&P is trading fractionally higher to 1,635 and the Dow is trading fractionally lower to 15,088.
Over the past year, Applied Materials has traded in a range of $9.95 to $15.18 and is now at $14.72, 48% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.9% while the 200-day MA has risen 0.9%.
Based on a current price of $14.72, Applied Materials is currently 1.6% above its average consensus analyst price target of $14.48. Applied Materials shares have support at the 50-day moving average (MA) of $13.67 and additional support at the 200-day MA of $12.13.
Applied Materials, Inc. develops, manufactures, markets, and services semiconductor wafer fabrication equipment and related spare parts for the worldwide semiconductor industry. The Company's customers include semiconductor wafer and integrated circuit manufacturers, flat panel liquid crystal displays, solar photovoltaic cells and modules and other electronic devices manufacturers.
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Copyright, Comtex News Network, Inc. 2013
