Entry level $246 = Target Price $264 = Stop loss $242
Bullish sentiment and fundamentals.
Bullish setup for another step higher.
Completely depends on market strength and trade, at this level trade short term.
Although the stock is hitting a all time high, caution is needed to avoid been the last to the party. Indicators are high and there is a decrease in volume. For a very healthy breakout, expect a test of support and them a spike in volume, those conditions would provide a better entry level.
LRCX has recently broken out of a triple bottom pattern and has now ran for four days and has become overextended as well as running up into old resistance at the $208 level. I expect a snapback to the 200 level being that its overextended into resistance. Will sell once it connects with the 9EMA again. Earnings is next week so looking to only hold for a week.
Strong PA sell off last few days to Mid BB%
RSI Oversold
Looking for quick reversal to mean back higher.
Aiming for 180/175 Put Credit & 185 Call option for Directional bias higher.
Exp Aug 16.
Good Luck - Watch YOUR RISK.
It is quite surprising that today was not more of a massacre for the chip/semi sector , bargain hunters stepped in just after the open to buy up what the algos were selling and weak hands were selling. It really was not much of a surprise that AVGO had a negative outlook, what did anyone expect? Apple , Huawei and Trump is all that needs to be considered, until...
On EVERY analysis I've done Lam Research is only going to go up. 2019 is going to end up being a great year for Lam. The only way it will drop past my support is if something truly catastrophic occurs (which I doubt). A supplement to this gain is the fact that Taiwan Semiconductor (NYSE: TSM) has signaled vastly improved smartphone strength. Overall, watch the...
The chip/semi sector is on fire and that plays into the hands of LRCX, very positive commentary and upgrades galore has completley turned this sector around from a dismal 2018 in which the lead the market lower. Lam has plenty of room left to run.
Lam Research Corporation is a supplier of wafer fabrication equipment and services to the semiconductor industry. The Company designs, manufactures, markets, refurbishes and services semiconductor processing systems that are used in the fabrication of integrated circuits (ICs). It operates through manufacturing and servicing of wafer processing semiconductor manufacturing equipment segment. Its products are designed to enable its customers build a range of devices that are used in a range of electronic products, including cell phones, tablets, computers, storage devices, and networking equipment. Its customer base includes semiconductor memory, foundry, and integrated device manufacturers (IDMs) that make products, such as dynamic random-access memory (DRAM), negative-AND (NAND) memory and logic devices. It offers a portfolio of products that are used in several areas of the semiconductor manufacturing process flow, including thin film deposition, plasma etch and single-wafer clean.
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LRCX
