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

By Amy Schwartz

Lam Research (NASDAQ:LRCX) shares have crossed bullishly above their 10-day moving average of $90.97 on a volume of 331K 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.

Over the past year, Lam Research has traded in a range of $61.20 to $93.80 and is now at $91.29, 49% above that low. The 200-day and 50-day moving averages have moved 0.05% lower and 0.57% higher over the past week, respectively.

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 15.6%. 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

Ticker(s): LRCX