Chart courtesy of stockcharts

Shares of Applied Materials were up on Friday more than 1% to $21.30 showing that maybe ready to move up again and ready to break the short term downtrend line that have formed since August. The first signal was give during the past week after MACD K line to have crossed over D line, so the week ahead will be a key factor for stock, to confirm a possible break of the downtrend line, that could push stock till $22.94. Thechnically chart looks Bullish, with both 50 dma 200 dma going up and RSI above 50, so keep an eye on AMAT for the confirmation.

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