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Actionable news in AMAT: Applied Materials, Inc.,

Has Applied Materials Run Out of Steam?

Shares of Applied Materials (AMAT) appear to have reached a near-term top. The powerful surge off the Brexit low that propelled the stock over 22% higher began to show signs of exhaustion last week. As this week comes to a close, Applied Materials is weakening as a healthy pullback begins to take hold.

Patient investors will likely see lower entry levels in the near term.

Applied Materials exploded to the upside back on May 20. This a>