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 Options Corner: AMAT Rising Wedge

Options Corner: AMAT Rising Wedge

Schwab Network · Schwab Network

November 13, 20255m 42s

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Show Notes

Applied Materials (AMAT) is the focus of today's Options Corner hit. Rick Ducat dials up the technical perspective and examines the semiconductor equipment maker's chart. He points out the rising wedge pattern taking place ahead of its upcoming earnings report. However, Rick highlights a "bearish divergence" taking place on its RSI momentum study but adds that it is a common occurrence into earnings events. Later, Tom White composes an example options trade for AMAT. He describes why the call diagonal strategy has a bullish stance.


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