AMAT Trade on Aug 16, 2019 09:37 from Cklamb: Tradervue User Stock Trades.

AMAT
Intraday Fundamentals
• Analyst upgrades and down
• Shares of Applied Materials Inc. (AMAT) rose more than 3% in the extended session Thursday after the chip equipment maker reported fiscal third-quarter results that were above Wall Street expectations. Applied Materials said it earned $ 571 million, or 61 cents a share, in the quarter, compared with $1 billion, or $1.01 a share, in the year-ago period. Adjusted for one-time items, Applied Materials earned $692 million, or 74 cents a share, compared with $1.05 billion, or $1.04 a share, a year ago. Revenue fell to $3.56 billion, compared with $4.16 billion a year ago. Analysts polled by FactSet had expected adjusted earnings of 70 cents a share on sales of $3.53 billion. The company said it expects fiscal fourth-quarter sales of about $3.685 billion, plus or minus $150 million. Non-GAAP EPS for the next quarter was seen between 72 cents and 80 cents. In the fourth quarter of fiscal 2019, Applied expects net sales to be approximately $ 3.685 billion, plus or minus $150 million. Non-GAAP adjusted diluted EPS is expected to be in the range of $0.72 to $ 0.80.
•
Technicals
Daily
Hourly

Intraday

Trading Plan
• Wait for profit taking to be done, the earnings report was not bad the stock is one a run even with the analsysts cutting targets.
• Look for biders at 45 or 45.25 ish let it settle and change character there if you can or play for scalp
Reading the tape
I caught a few things filtered out sales under 500. This will help me a bit in the future.
Trade Management

Trade review
• Nice level choice
• Bad risk analysis.. this should not have been a feeler
• If it was a feeler, take on the
• Bad patience on well though out plan

Trade grade
Aspect Score Poss. Notes
Preparation 8 10 Yes , planned Pre market and executed
Hard Work 9 10 There was a lot of patience to set up for this short and time spent trying to see what I could on the tape. I saw nothing definitive
Patience 3 10 Failed on the exit
Plan 2 10 Bad stop plan
Discipline 6 10 NO… I needed to the risk here, I cannot build stats like this
Contribution NA 10

Replay 0 10