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Lam Research CorporationLam Research CorporationLam Research Corporation

Lam Research Corporation

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LRCX trade ideas

$LRCX No need to stress out yet, it is still a cheap stock. 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 one or all of those factors change chips and semis will suffer. It's a matter of sticking with the better names with a reasonable p/e ratio, it must be also remembered to block out the opinions of those in the media who actually don't trade and make a living from sensationalism. From a technical perspective we have listed on the chart the areas to watch and the supports that are currently holding. P/E RATIO 10.93 AVERAGE PRICE TARGET $221 AVERAGE ANALYSTS RECOMMENDATION OVERWEIGHT COMPANY PROFILE Lam Research Corp. engages in manufacturing and servicing of wafer processing semiconductor manufacturing equipment. It operates through the following geographical segments: the United States, China, Europe, Japan, Korea, Southeast Asia, and Taiwan. It offers thin film deposition, plasma etch, photoresist strip, and wafer cleaning. The company was founded by David Lam on January 21, 1980 and is headquartered in Fremont, CA.
NASDAQ:LRCX
by RedHotStocks
LRCX: Dark Pool & Professional Trader Patterns Ahead of EarningsLRCX has an important technical pattern. The stock chart is technically precise. Lines drawn on a weekly chart match perfectly to daily support levels. This is not always the case. The technical precision of certain areas of this chart shows where the professionals have entered and exited. The ability to see the footprints of Dark Pools and Professional Traders is what I have termed Spatial Pattern Recognition Skills for Traders™. This technical analysis skill makes a huge difference in your end-of-year profitability from trading stocks whether you day, swing, position, momentum or intermediate-term trade.
NASDAQ:LRCX
by MarthaStokesCMT-TechniTrader
1
LRCX to test long term trend from 2012 or break out from here?Lam Research is a value investment. I've priced it with long term growth taken into account to be a bargain buy around $190. That said, this equity is on sale. We could be on our way to test the long term trend from 2012 though around 105...which would be insanely cheap. If we break out of this current short term down trend, I will look to take this long. Macro economics gives me pause though. We are on the tail end of an economic cycle. Stay tuned and keep an eye on this one.
NASDAQ:LRCXLong
by SITB