Lam Research Bullish Moving Average Crossover Alert (LRCX)
Lam Research (NASDAQ:LRCX) crossed over its 10-day moving average of $82.72 on a volume of 176K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.
Lam Research share prices have moved between a 52-week high of $87.19 and a 52-week low of $61.20 and are now trading 36% above that low price at $83.05 per share. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.6%.
SmarTrend recommended that subscribers consider buying shares of Lam Research on May 24th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $78.55. Since that recommendation, shares of Lam Research have risen 4.3%. We continue to monitor LRCX for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: moving crosses lam research