LRCX
$LRCX gapping up on earnings beat. I think this may pop at open back to the 188-189 area before pulling back to fill the gap down possibly to the 181ish area. After the fill down I would go long and play this back to the upside for a nice move back towards highs. Should make for a good swing if you want to hold it. Just give it room to come down before making it move back to highs.
Comment:
Got a nice pop on this....went further then I expected and the pullback was mild if you bought at the open you scored nicely. Watch for a buttom and curl back up. Looks to be building a base here in the 190s if it starts to push may head back to highs. Keep it on radar.
Trade closed: target reached:
Nice pop this morning if you were patient. You have to give these some room to breath do not size in too big so that you are unable to add and swing. This mornings pop was nearly 7 points up over the 190ish area where I said a base was forming.
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