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26.4% Return Seen to Date on SmarTrend Lam Research Call (LRCX)

By Amy Schwartz

SmarTrend identified an Uptrend for Lam Research (NASDAQ:LRCX) on May 24th, 2016 at $78.55. In approximately 5 months, Lam Research has returned 26.39% as of today's recent price of $99.28.

Over the past year, Lam Research has traded in a range of $61.20 to $102.44 and is now at $99.28, 62% above that low. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.6%.

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