Lam Research Crosses Below its 10-day MA (LRCX)
Lam Research (NASDAQ:LRCX) shares have crossed bearishly below their 10-day moving average of $92.91 on a volume of 534K 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 $61.20 and a high of $95.77 and are now at $92.48, 51% 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 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 18.9%. 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