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Lam Research Bullish Moving Average Crossover Alert (LRCX)

By David Diaz

Lam Research (NASDAQ:LRCX) crossed over its 10-day moving average of $145.09 on a volume of 633K 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.

In the past 52 weeks, Lam Research share prices have been bracketed by a low of $79.15 and a high of $167.05 and are now at $148.17, 87% 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 recommended that its subscribers protect gains by selling shares of Lam Research on June 12th, 2017 by issuing a Downtrend alert when the shares were trading at $152.30. Since that call, shares of Lam Research have fallen 5.5%. 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