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22.8% Return Seen to Date on SmarTrend Lam Research Call (LRCX)

By David Diaz

SmarTrend identified an Uptrend for Lam Research (NASDAQ:LRCX) on December 12th, 2019 at $279.81. In approximately 2 months, Lam Research has returned 22.78% as of today's recent price of $343.56.

In the past 52 weeks, Lam Research share prices have been bracketed by a low of $163.60 and a high of $338.82 and are now at $343.56, 110% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.8% while the 50-day MA has advanced 1.2%.

Lam Research Corporation manufactures, markets, and services semiconductor processing equipment used in the making of integrated circuits. The Company's products are used to deposit special films on a silicon wafer and etch away portions of various films to create a circuit design. Lam sells its products around the world.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of Lam Research shares.

Log in and add Lam Research (LRCX) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.

Keywords: spotlights lam research

Ticker(s): LRCX