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$AMAT Applied Materials Catchup trade

Long
Applied Materials, Inc. (NASDAQ:AMAT)  
Bullishcharts  
NASDAQ:AMAT   Applied Materials, Inc.
Fibonacci Support and Resistance Trend Lines
27
1
fibonacci supportandresistance trendline

By no means a certainty but expectations are for a beat on earnings but much depends on commentary and guidance.
While most have popped on earnings, XLNX &WDC for example have failed to impress.
Safer to wait for earnings and trade the breakout rather than carry risk into the event.
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