Applied Materials hits a 52-week high, levels to watch At time of writing the stock is just edging past a 52-week high at $21.22 and is testing longer-term resistance. Next resistance of importance is at $22.28, which is a zone of prior resistance just below a pivot high from August 2007. Support is at $20.63.
Pacific Crest identifies favorite semiconductor stocks Pacific crest says that the semiconductor sector is being stymied by decade-high inventory levels and uncertain demand. In the current environment, the firm expects semiconductor stocks with high dividend yields and ongoing cost-reduction initiatives to outperform. It identifies Maxim Integrated (MXIM), Cypress Semiconductor (CY), Applied Materials (AMAT), and KLA-Tencor (KLAC) as its favorite names in the sector. It keeps Overweight ratings on all the stocks named.