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After Yesterday's Decline of 4.12%, Lam Research Offers Investors Better Value

By Amy Schwartz

Lam Research (NASDAQ:LRCX) traded in a range yesterday that spanned from a low of $142.97 to a high of $147.41. Yesterday, the shares fell 4.1%, which took the trading range below the 3-day low of $148.50 on volume of 1.8 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend is tracking the current trend status for Lam Research and will alert subscribers who have LRCX in their portfolio or watchlist when shares have changed trend direction.

Over the past year, Lam Research has traded in a range of $133.42 to $234.88 and is now at $143.53, 8% above that low. The 200-day and 50-day moving averages have moved 0.28% lower and 0.03% higher over the past week, respectively.

Keywords: rebounders lam research

Ticker(s): LRCX