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

By David Diaz

Today, shares of Lam Research (NASDAQ:LRCX) have crossed bearishly below their 10-day moving average of $219.61 on a volume of 853K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, Lam Research share prices have been bracketed by a low of $79.15 and a high of $234.88 and are now at $218.49, 176% above that low price. Over the last five market days, 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 February 14th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $177.04. Since that recommendation, shares of Lam Research have risen 25.3%. 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

Ticker(s): LRCX