Chart of the Day: AMAT

Rachel Dashiell dials up the chart of Applied Materials (AMAT). On a longer-term chart, she shows a "beautiful uptrend" over the last 6 months. Should shares pull back, she identifies long-term support around the 50-day moving average near $370. Rachel also adds the relative strength study versus the information technology group to show a bit of weakening against the overall sector.

Morning Movers

08 May 2026

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