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Lam Research Bearish Moving Average Crossover Alert (LRCX)

By James Quinn

Today, shares of Lam Research (NASDAQ:LRCX) have fallen below their 10-day MA of $150.90 on a volume of 484K shares. This may provide swing traders with an opportunity 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 $167.05 and are now at $150.63, which is 90% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.6%.

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