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Lam Research Bullish Moving Average Crossover Alert (LRCX)

By Shiri Gupta

Lam Research (NASDAQ:LRCX) shares have crossed bullishly above their 10-day moving average of $231.71 on a volume of 144K 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 $244.98 and are now at $232.11, which is 89% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.8% while the 50-day MA has advanced 0.6%.

SmarTrend is tracking the current trend status for Lam Research and will alert subscribers who have LRCX in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses lam research

Ticker(s): LRCX