LRCX trade ideas
Lam Research Sitting Near the 50-day SMAChips have been one of the stronger parts of the market lately as the economy rebounds from coronavirus and applications like cloud computing and videogaming flourish.
Lam Research is a provider of chip-making equipment. It rallied on a strong earnings report in late July, but then stalled and has now pulled back.
LRCX has stabilized in the last week or so. It had a large outside day on August 24 followed by an inside candle yesterday. Today’s another tight range, a potential sign of the short-term bearishness exhausting itself.
The consolidation has happened immediately above its 50-day simple moving average (SMA). It tested under that key line shortly before noon today, triggering an alert on the TradeStation platform.
LRCX’s current levels are also interesting because its pre-Covid peak on February 13 was $344.32. The stock broke above that level in July. It also successfully retested below it on July 24 (dragged down by Intel’s disappointing quarter).
This time around, LRCX made a higher low, while staying $3 above the early 2020 high.
Chips aren’t really in focus right now – especially given the big moves in Salesforce.com and Facebook, plus the looming splits in Apple and Tesla. So, LRCX may still need a little time. However, the longer-term trend still appears intact.
LRCX - Lam Research - $357.50 Nice Long Term Entry0. Notes to follow;
1. Sitting at bottom of Channel, may head back up in coming days;
Nasty Ending TriangleLRCX broke out of the previous triangle for one last upward thrust. Now it's failed to consistently break higher through $360. Next move is likely a thrust down.
$LRCX Lam Research $400 Target
Strong Moving Averages support.
Breaking out to All Time High.
As earnings approaches and Markets surge a sustained
move to $400 is possible.
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Which way will the triangle break?? What's your vote, up or dowWhich way will LRCX break out of the triangle? What's your vote?
Cup and Handle with RISING WEDGEProbable B/O has occurred
Earnings this month/29th and they have missed occasional, and missed last quarter on revenue
stop is below cup handle or mid cup
Rising wedges are bearish
Not a recommendation, but she is looking good!
LRCX - Rising channel , Long with bullish weekly options flowLRCX is currently in a rising channel, I saw bullish weekly options flow for the July 10 $340 calls. $2.3 million worth, so its quite a bit for a weekly. Rising RSI. Hope your having a great July 4th long weekend!
LRCX - Breaking HigherLRCX broke above resistance at 308 on nice vol and gap
stock is very bullish as long as it remain above 300
328 is close target and highs as destination
$LRCX Lam Research Trade
Possible long above $310 local resistance.
Upside target $335 to local resistance
BUY LAM RESEARCH straight awayHey people,**DISCLAIMER** content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions. Tighten the possibility that buyers return their area and for a breakout.
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LRCXA SURPRISING RED VOLUME CAUSED THE MARKET TO GO DOWN AND BREAKING THE BULLISH TREND SO WE SEE A SHORTING GREAT POSSIBILITY CONFIRMED WIT THE VWAP INDICATORE... IT'S BEAUTIFUL SHORT
$LRCX can rise in the next daysContextual immersion trading strategy idea.
Lam Research Corporation designs, manufactures, markets, refurbishes, and services semiconductor processing equipment used in the fabrication of integrated circuits worldwide.
On 29 May the company entries on the list of Best Dividend Stocks for May 2020 in Investopedia. It causes a rise in the share price.
At the and of the day the demand for shares of the company looked higher than the supply.
These and other conditions can cause a rise in the share price in the next days.
So I opened a long position from $281,43;
stop-loss — $271,49.
Information about take-profits will be later.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
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LRCXBased on the red Volume ATRIBUTE and candle-stick configuration confirmed with the VWAP indicatore it's great chance for the down run
LRCX Shortingafter trying to break the resistance zone with no successe we see the possibilty and the volume confirmation of a new small down trend
