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Lam Research Crosses Above its 10-day MA (LRCX)

By David Diaz

Lam Research (NASDAQ:LRCX) crossed over its 10-day moving average of $172.43 on a volume of 391K 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.

Over the past year, Lam Research has traded in a range of $122.64 to $234.88 and is now at $176.60, 44% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.6% while the 200-day MA has slid 0.3%.

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