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

By David Diaz

Today, shares of Lam Research (NASDAQ:LRCX) have fallen below their 10-day MA of $163.33 on a volume of 531K shares. Swing traders may find 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 $170.00 and are now at $162.78, 106% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.6% while the 200-day MA has remained constant.

SmarTrend recommended that subscribers consider buying shares of Lam Research on July 11th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $152.92. Since that recommendation, shares of Lam Research have risen 7.7%. 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