LRCXD trade ideas
$LRCX No need to stress out yet, it is still a cheap stock. It is quite surprising that today was not more of a massacre for the chip/semi sector , bargain hunters stepped in just after the open to buy up what the algos were selling and weak hands were selling. It really was not much of a surprise that AVGO had a negative outlook, what did anyone expect? Apple , Huawei and Trump is all that needs to be considered, until one or all of those factors change chips and semis will suffer. It's a matter of sticking with the better names with a reasonable p/e ratio, it must be also remembered to block out the opinions of those in the media who actually don't trade and make a living from sensationalism.
From a technical perspective we have listed on the chart the areas to watch and the supports that are currently holding.
P/E RATIO 10.93
AVERAGE PRICE TARGET $221
AVERAGE ANALYSTS RECOMMENDATION OVERWEIGHT
COMPANY PROFILE
Lam Research Corp. engages in manufacturing and servicing of wafer processing semiconductor manufacturing equipment. It operates through the following geographical segments: the United States, China, Europe, Japan, Korea, Southeast Asia, and Taiwan. It offers thin film deposition, plasma etch, photoresist strip, and wafer cleaning. The company was founded by David Lam on January 21, 1980 and is headquartered in Fremont, CA.
LRCX: Only Way to go is UpOn EVERY analysis I've done Lam Research is only going to go up. 2019 is going to end up being a great year for Lam. The only way it will drop past my support is if something truly catastrophic occurs (which I doubt). A supplement to this gain is the fact that Taiwan Semiconductor (NYSE: TSM) has signaled vastly improved smartphone strength. Overall, watch the semiconductor industry. It will be a good payout in the future.
$LRCX LAM RESEARCH CORP RIDING THE WAVEThe chip/semi sector is on fire and that plays into the hands of LRCX, very positive commentary and upgrades galore has completley turned this sector around from a dismal 2018 in which the lead the market lower. Lam has plenty of room left to run.
Small play potential on $LRCX #OptionsTradingLooking for good, small sized plays for new/struggling traders. Consider feb22 175p on $LRCX. Currently @ 181.33. Looks prime for pullback. Slightly O/E RSI, shooting star on Daily chart, run from 120's to 180's since Dec. & no meaningful selling volume in weeks. #OptionsTrading
LRCX: Dark Pool & Professional Trader Patterns Ahead of EarningsLRCX has an important technical pattern. The stock chart is technically precise. Lines drawn on a weekly chart match perfectly to daily support levels. This is not always the case. The technical precision of certain areas of this chart shows where the professionals have entered and exited. The ability to see the footprints of Dark Pools and Professional Traders is what I have termed Spatial Pattern Recognition Skills for Traders™. This technical analysis skill makes a huge difference in your end-of-year profitability from trading stocks whether you day, swing, position, momentum or intermediate-term trade.
Lam Research Corporation Announces $5 Billion Share Repurchase LRCX: Lam Research Corporation
2019-01-23 16:15:00
Lam Research Corporation Announces $5 Billion Share Repurchase Authorization
LRCX to test long term trend from 2012 or break out from here?Lam Research is a value investment. I've priced it with long term growth taken into account to be a bargain buy around $190. That said, this equity is on sale. We could be on our way to test the long term trend from 2012 though around 105...which would be insanely cheap. If we break out of this current short term down trend, I will look to take this long. Macro economics gives me pause though. We are on the tail end of an economic cycle. Stay tuned and keep an eye on this one.
Buy On FearMy quant model predicts
Profitability: it has a high probability(68%) to rebound at this level.
Worst Case: it could drop to $88.44
Money Management: Bet no more than 12% of capital
Suggested Strategy: long stock for 5 Days
LRCX - trade setup I love, love, love this setup. Support about to be broken or bounce city.. Let it rip tater chip!
RLCX LongLong based on waves and fibs
My entry: 157.00
Stop Loss: 145.00
Profit Target: 190.00
Risk/Reward: ~1:3
LRCX, riding the wave down...Indicators all confirmed pointing down. Great for a SHORT or a PUT.
First target: $137.80
Second target: $132.71
Happy trading!
[LRCX] phase 4 -> Don't buy.If you're thinking in long-term, you will not buy. The price is below 30MM, and yet, we can't see strong support.
$LCRX AT RESISTANCE AND 20DMALIKE LONG OVER 152.20s
FOR RUN UP TO EARNINGS MID MONTH
155 FIRST STOP TO 160s?
LRCX Intermediate swingIntermediate term 3-4 month maybe. Think will test 166.xx for double bottom. Then start its move to break downtrend.
T1 -188
T2-209
T3- 230
