$LRCX with a bullish outlook following its earnings #StocksThe PEAD projected a bullish outlook for NASDAQ:LRCX after a positive over reaction following its earnings release placing the stock in drift A with an expected accuracy of 64.29%.
LRCX trade ideas
$LRCX Bottom Fishing After ERNASDAQ:LRCX I bought a half size position on the initial earnings pop and I just brought it up to a full size position. I rarely bottom fish a stock but this one sold off hard into earnings and then beat expectations. It really needs to get up and over the 50 DMA (red) and the DT line to prove it is going to run but I like it here and have my stop just below the earnings gap up which makes for a great risk reward trade. I will not lose much if I am wrong.
From @TradingView
In the week heading into the first quarter earnings report for its 2025 fiscal year (FY), Lam Research Corp.
LRCX
stock was down nearly 15%. Furthermore, analysts were lowering their price targets for LRCX stock over concerns of slowing growth that would make it difficult to see the stock outperforming the market.
However, the stock is reversing course with a gain of over 4% in early trading the morning after the company’s earnings report. Is this a temporary lift or a sign that Lam Research may be proving its naysayers wrong?
LCRX RETURNS TO THE SEEN OF THE CRIMENASDAQ:LRCX returning to the seen of the CRIME! ☕️
LCRX is retesting the Cup N Handle BREAKOUT FROM 2023! 🤯
LRCX has already tested and bounced off of its Cup n Handle breakout from 2023 twice and is forming the right shoulder of a shorter-term inverse H&S pattern!
Will it bounce again?! Drop a comment below.
The risk/reward ratio on this one is crazy good, IMO! It's going to take something drastic for that CupnHandle breakout support to bust!
My Short Term PT for this chart is: 🎯$80
My Long Term PT for this chart is: 🎯$107
Not financial advice! 🖖
Easy 2.58x R:R LONG Trade on Lam ResearchBuying the bottom of the rangebound channel, which also coincides with 0.382 fib level
Easy swing for 2.58 R:R TP @ $87
Looking forward to positive earnings on 23/10 as well
LRCX - ready for a launchLRCX is compressed and tight here. Probably I would jump here with size but a small starter position would be fine IMO.
Once wave 1 gives confirmation and wave 2 completes , good for going heavy.
Long between 78-83
Stop loss - 75
Target 1 - 92
Target 2 - 100-102
Target 3 - 112
New long term position LRCXAfter careful consideration I have added a new stock to my long-term fidelity account. I am very picky about what I allow into this account. I have started a position in Lam research on this basing of the 100 EMA. I note a rising stochastic RSI on the weekly and a pickup of volume. Given that this market is cyclical, I believe this entrance point is poised for strong gains over the coming few years. Looking back at revenue cycles the stock usually has a moderate red year followed by multiple years of huge growth. Similar to my other energy plays, I believe this is a next level play on the fact that the market overhypes GPU makers. Lam is a play on memory chips, they also have a strong service segment. Memory will need to expand exponentially in order for energy and Ai to expand, this is my thesis. I have been waiting to add semiconductor exposure to my investment portfolio but I have been wanting to avoid egregiously overpriced hot stocks like NVDA etc. I believe this correction is an opportunity for me to expand my portfolio a bit.
LRCX Inverse H&S Forming! Huge move upward inbound! NASDAQ:LRCX Inverse H&S Forming! Huge move upward inbound!
A break of the neckline would reward a 25% upside to the volume gap!
LRCX in the same position and price AMAT was this time last yearLRCX following in the foot steps of AMAT to $295? AMAT also repeating the same move it made a year ago right now as well. Both are in the same field both are involved in the production of Ai processors and the tools to make them. I think its ironic that LRCX just happens to be in the same pattern on the same month AMAT started its nose bleed run up.
Option shares right now are expensive for a $74 stock no matter how long or short you look. Somethings going on and the companies in the semiconductor industry know it. Nvidia and AMD prices right now are very inviting which means they had to reduce their prices either by splitting them or something but they must know that a boom is about to happen and they needed to make their prices in line with what is about to happen. I haven't looked at stock options in over a year and I was surprised to see everyones prices had gone up. Yet Semiconductors all seem to be price point. With the materials side looking Bullish as hell. I am just saying keep your eyes open on this because its about to happen all over the place.....a shift a huge shift.
by iCantw84it
10.16.24
Investment Opportunity in Lam ResearchHello,
With the increasing spotlight on semiconductor companies, particularly giants like Nvidia, many investors are closely tracking the sector's performance. As the AI revolution continues to unfold, identifying companies that have lagged in price, yet hold strong potential, could present significant opportunities. One such company is Lam Research Corp. , a prominent player in the semiconductor space.
About Lam Research:
Lam Research designs, manufactures, markets, and refurbishes semiconductor processing equipment used in the fabrication of integrated circuits. Despite flying under the radar compared to some of its peers, it offers a compelling case for investment.
Here are some key metrics that highlight its strong financial position:
- Market Cap : Approximately $99.6 billion
- Basic EPS : $2.91
- 2024 Revenues : $14.9 billion, with net revenues growing steadily to $3.83 billion
- Share Buybacks : The company has consistently repurchased its shares over the past five years, contributing to shareholder value by avoiding dilution.
- Total Cash : $5.85 billion, with total current liabilities at $4.34 billion, demonstrating a healthy liquidity position and the ability to cover short-term obligations.
- Book Value Per Share : $65. With the current share price hovering near this figure, the stock could be undervalued, making this an attractive entry point.
Technical Perspective:
From a technical analysis standpoint, Lam Research has recently experienced a pullback, presenting a potentially ideal buying opportunity. Our target price for this stock is **$110 per share**.
We strongly recommend considering this stock for your portfolio.
Good luck!
Target 814.12Following daily chart and got a long signal.
TP 814.12, which is first fibonacci level which is enough, expecting around 6% gain.
SL Close under 729
LRCX Horizontal Line at 720s hold again for Lam Research?Horizontal line at 720s continues to work great for LRCX Lam Research. Lam Research is trading with a Forward P/E ratio of 21.75 which is discounted to its industry group Forward P/E of 25.6.
LRCX downside target 800Lam Resaerch Corporation is seeing a flawed breakout, as the stock is at a key resistance to break which the stock will have to go lower and try again. The stock may see a decline of about 4 to 5 percent in the short term.
LRCX Bounce Trade IdeaNASDAQ:LRCX This is just ridiculous...Lam Research down over 30% in just a short "two week" period. It really goes to show that risk management is everything and even the most economically important companies on the planet are not full protected from price fluctuations.
Bounce trade idea might occur here and rally towards the 200MA.
Lam research - Corrective range at the topNASDAQ:LRCX is looking at one more leg of a downside 3-wave correction and test the lower support at 798.98 level. We believe that the formation of a 5-wave larger degree broadening wedge is underway and if it form successfully , the stock will stage a grand rebound to the upside in the long-term
LRCX - 3 months HEAD & SHOULDERS══════════════════════════════
Since 2014, my markets approach is to spot
trading opportunities based solely on the
development of
CLASSICAL CHART PATTERNS
🤝Let’s learn and grow together 🤝
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Hello Traders ✌
After a careful consideration I came to the conclusion that:
- it is crucial to be quick in alerting you with all the opportunities I spot and often I don't post a good pattern because I don't have the opportunity to write down a proper didactical comment;
- since my parameters to identify a Classical Pattern and its scenario are very well defined, many of my comments were and would be redundant;
- the information that I think is important is very simple and can easily be understood just by looking at charts;
For these reasons and hoping to give you a better help, I decided to write comments only when something very specific or interesting shows up, otherwise all the information is shown on the chart.
Thank you all for your support
🔎🔎🔎 ALWAYS REMEMBER
"A pattern IS NOT a Pattern until the breakout is completed. Before that moment it is just a bunch of colorful candlesticks on a chart of your watchlist"
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⚠ DISCLAIMER ⚠
The content is The Art Of Charting's personal opinion and it is posted purely for educational purpose and therefore it must not be taken as a direct or indirect investing recommendations or advices. Any action taken upon these information is at your own risk.
LRCX Lam Research Corporation Options Ahead of EarningsIf you haven`t bought LRCX before the previous earnings:
Then analyzing the options chain and the chart patterns of LRCX Lam Research Corporation prior to the earnings report this week,
I would consider purchasing the 880usd strike price Calls with
an expiration date of 2024-5-17,
for a premium of approximately $34.05.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
LRCX April 17, 2024: Sell SignalOn April 17, 2024, NASDAQ:LRCX closed down below its MA-50 on huge volume.
Which is a sell signal.
LRCX March 20, 24: Reclaiming MA-20On March 20, 24, NASDAQ:LRCX reclaimed its moving average MA-20 which provides a possible entry with a stop loss below the MA-20.
LRCX March 14, 24: Where can we look for a buy point?I bought NASDAQ:LRCX on December 11, 2023 when it broke out into a new high, then sold it a few days ago as the stock crossed down the MA-21 after a long period of time (since January 2024) trading above it.
I am looking for a new buy point of this stock and here are the 2 possible situations.
The stock might trades around this area below MA-21 for a few days and then will move up again. This would be a new entry for me.
In another case, the stock might goes down to its rising MA-50, which also provides a buy point in case the volume will dry up.
What do you think will be the case?
LRCX: Hunt For The 1K MarkAfter positive earnings we broke the trend line above and heavily rejected the $900 psychological key level. Longer term in a steadily rising channel. Areas marked to look out for. I believe in price channels as you can see. Target at $975.
LRCX Long
10-Feb-2024
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LRCX New targets
Target of 1002-1152-1198-1351-1442-1689-1803
SL 583
Strategy : SBO + RSI > 60 + EMA above 20 & 50
Duration few weeks
Please consult your financial advisor before investing
All research for educational purposes only.
Stock crosses past barriers with good volumes
Past Shared Levels :
LRCX potential buy setupReasons for bullish bias:
- Price moving in a bull trend
- Playing simple DOW theory
- No divergence
- Targets are set under fib extension as price is at all-time high
Entry Level(CMP): 838.16
Stop Loss Level: 720.27
Take Profit Level 1: 956.05
Take Profit Level 2: 1063.00
