• Return to Headlines

Bullish Moving Average Cross by Lam Research (LRCX)

By Shiri Gupta

Lam Research (NASDAQ:LRCX) shares have crossed bullishly above their 10-day moving average of $197.23 on a volume of 648K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Over the past year, Lam Research has traded in a range of $79.15 to $234.88 and is now at $198.00, 150% above that low. The 200-day and 50-day moving averages have moved 0.05% lower and 0.57% higher over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of Lam Research on March 23rd, 2018 by issuing a Downtrend alert when the shares were trading at $209.48. Since that call, shares of Lam Research have fallen 7.8%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses lam research

Ticker(s): LRCX