( Yesterday close ) Chart courtesy of stockcharts

Shares of Applied Materials are also in focus today after Citigroup boosted its rating from hold to buy, raising its price target to $23 from $22. Shares of Applied Materials, which closed at $17.91 on Thursday, are now trading comfortably at $18.90 . Looking at the daily chart, stock is trading in a clear Bearish moment as we can see on the chart above, with all indicators in Bearish areas. However, with this news we can see some improvement on share price but stock needs to trade a lot of shares and close green, to believe in this rebound. Keep an eye on AMAT.

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