Analyst Observations

Published: July 24, 2026

This content is for informational purposes only. This should not be construed as solicitation. The general public should consult their financial advisor for additional information related to investment decisions.

Comments include: AMAT & THC.

AMAT Applied Materials, Inc. ($534.10) - Semiconductors - AMAT shares moved lower Friday, breaking a double bottom on $536 to move to another sell signal. The stock has declined sharply off its June highs, losing its near-term market relative strength to fall to a 4 for 5'er. AMAT continues to remain a buy, but those with position should watch for further deterioration. Initial support lies at $520.

THC Tenet Healthcare Corporation ($234.01) - Healthcare - THC completed a bullish triangle at $204, marking its third consecutive buy signal and a new all-time high above $244. The 4 for 5'er moved up from a 3 with its latest move, after reversing back into Xs against the market. The weekly OBOS indicates that the stock is in overbought territory, so wait for a normalization of the 10-week trading band before considering. Initial support is at $192, with additional support at $180.

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