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

By James Quinn

Lam Research (NASDAQ:LRCX) shares have crossed bullishly above their 10-day moving average of $141.89 on a volume of 619K 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 $133.42 and a high of $234.88 and are now at $145.28, which is 9% above that low price. The 200-day and 50-day moving averages have moved 0.46% lower and 1.27% lower over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of Lam Research on August 17th, 2018 by issuing a Downtrend alert when the shares were trading at $168.72. Since that call, shares of Lam Research have fallen 16.0%. 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