LRCX trade ideas
LRCX16th Jan - Crossing Key level. Daily and Weekly Charts line up. Picked up Feb 195 and 205 Calls. Stoch Moving up.
LRCX ready for a fallPlaying Trading Simulator Game:
Stochastic crossover on 9JAN18.
Stochastic dropped below 80 on 10JAN18.
Been above Bollinger Bands for days.
At top of my trend line.
LRCX Long on ValueGrowing revenue, margins, free cash flow, and trading at a low-ish historical PE still makes Lam Research a good Value pick. Timing: picking up more with this double bottom found after the slide. Downside: The semiconductor cycle and potential downturn in 2018. But IoT demand should have a greater benefit to prevent it though.
Long LRCXLong between 150-154= hard floor of support at the 50 day moving average also indicated as lower end of the one year regression channel. IF 50 day is broken, stock is immediately supported by 100 day moving average ans also backed by a trend of higher highs and lower lows.
$lrcx ready to resume uptrend!-mid time frame is in downtrend with price action consolidating and wykcoff spring failure test above the 147.7x area with rsi positive divergence
-lower time frame is showing a range bound tight action with positive volume pressure ready to test 149.x
-higher time is in uptrend- pulling back and in area of support
