Semi equipment company Applied Materials ($AMAT) continues to hold support at the $10 area, which has proved to be a buy zone over the last 2 years.A buy in the $10-$11 area gives investors $1 of risk with upside potential of $5. The 5-to-1 setup along with a 3% annual dividend makes AMAT an attractive buy this week.
** We do not currently own shares of AMAT.
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