• Return to Headlines

Bearish Moving Average Cross by Lam Research (LRCX)

By Shiri Gupta

Today, shares of Lam Research (NASDAQ:LRCX) have crossed bearishly below their 10-day moving average of $159.83 on a volume of 311K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, shares of Lam Research have traded between a low of $79.15 and a high of $170.00 and are now at $159.21, which is 101% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.6% while the 200-day MA has remained constant.

SmarTrend is monitoring the recent change of momentum in Lam Research. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Lam Research in search of a potential trend change.

Keywords: moving crosses lam research

Ticker(s): LRCX