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Lam Research Rising Today on Above-Average Volume (LRCX)

By Shiri Gupta

Lam Research's stock is up 2.2% to $98.29 on heavy trading volume. Approximately 4.4 million shares have changed hands today vs. average 30-day volume of 2.8 million shares. Unusually high volume can signify a potential turning point or validate a breakout.

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 22.4%. We continue to monitor LRCX for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Over the past year, Lam Research has traded in a range of $61.20 to $99.75 and is now at $98.49, 61% above that low. The 200-day and 50-day moving averages have moved 0.05% lower and 0.57% higher over the past week, respectively.

Keywords: unusual volume lam research

Ticker(s): LRCX