• Return to Headlines

Lam Research Set to Possibly Pullback After Yesterday's Rally of 2.80%

By Nick Russo

Lam Research (NASDAQ:LRCX) traded in a range yesterday that spanned from a low of $266.85 to a high of $270.41. Yesterday, the shares gained 2.8%, which took the trading range above the 3-day high of $265.25 on volume of 94,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

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.

In the past 52 weeks, Lam Research share prices have been bracketed by a low of $122.64 and a high of $285.87 and are now at $270.30, 120% above that low price. The 200-day and 50-day moving averages have moved 0.78% higher and 0.76% higher over the past week, respectively.

Keywords: rebounders lam research

Ticker(s): LRCX