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RockyFresh340
Jan 15, 2024 3:07 PM

$LRCX approaching gap fill area and is a week away from earnings Long

Lam Research CorporationNASDAQ

Description

NASDAQ: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 NASDAQ:NVDA, NASDAQ:AMD, and NASDAQ:SMCI may act as a catalyst for NASDAQ: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.
Comments
SabahEquityResearch
Nice analysis
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