LRCX's recent close above the 9 EMA signals bullish potential. Holding steadily above the $763 level could pivot the stock towards $768, aligning with a crucial gap fill area and setting sights on $778. The positive momentum in related stocks like NVDA, AMD, and SMCI may act as a catalyst for LRCX, especially given its critical role in memory chip production. Watch for possible significant movements around the January 24 earnings, as these developments could impact its trajectory.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.