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Lam Research Shares Up 8.9% Since SmarTrend's Buy Recommendation (LRCX)

By James Quinn

SmarTrend identified an Uptrend for Lam Research (NASDAQ:LRCX) on October 11th, 2019 at $238.45. In approximately 2 months, Lam Research has returned 8.93% as of today's recent price of $259.73.

Lam Research share prices have moved between a 52-week high of $285.87 and a 52-week low of $122.64 and are now trading 112% above that low price at $259.73 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has advanced 0.5%.

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