The Applied Materials, Inc. [stckqut]AMAT[/stckqut] stock chart is littered with bullish indicators that suggest higher prices are likely for Applied Materials stock.
The bullish run in Applied Materials, Inc. stock, which began in August 2015, has been nothing short of spectacular. In that time span, AMAT stock has managed a whopping return of 160% for those savvy enough to pick up shares as the price put in a bottom.
Patrick Brik of Profit Confidential believes that this bullish run in Applied Materials stock still has legs, and that higher prices are still likely.
Patrick is bullish on AMAT stock because all the indications on multiple time frames continue to suggest that higher Applied Materials stock prices are likely. He believes that the current surge toward higher prices will continue until the previous all-time high, which was set at the peak of the dot-com bubble, is tested.