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Bullish Moving Average Cross by Lam Research (LRCX)

By Amy Schwartz

Lam Research (NASDAQ:LRCX) crossed over its 10-day moving average of $197.09 on a volume of 510K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, shares of Lam Research have traded between a low of $122.64 and a high of $209.92 and are now at $198.83, which is 62% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.8%.

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