pool adsLAM RESEARCH $LRCX Technical Update
The LAM RESEARCH (NASDAQ: LRCX) update and the technical summary table below can help you manage risk and optimize returns. We have day, swing, and longer-term trading plans for LRCX, and 1300 other stocks too, updated in real time for our trial subscribers. The data below is a snapshot, but updates are available now.
Technical Summary
| Term → | Near | Mid | Long |
|---|---|---|---|
| Rating | Weak | Neutral | Neutral |
| P1 | 171.38 | 152.94 | 156.98 |
| P2 | 175.60 | 174.20 | 185.00 |
| P3 | 180.92 | 195.70 | 213.79 |
Support and Resistance Plot Chart for LRCX
Long Term Trading Plans for LRCX
August 15, 2018, 7:30 pm ET
The Technical Summary and Trading Plans for LRCX help you determine where to buy, sell, and set risk controls. The data is best used in conjunction with our Market Analysis and Stock Correlation Filters too, because those help us go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis with this LRCX Report.
LRCX - (Long) Support Plan
Buy over 156.98 target 185.00 stop loss @ 156.72.
The technical summary data tells us to buy LRCX near 156.98 with an upside target of 185.00. This data also tells us to set a stop loss @ 156.72 to protect against excessive loss in case the stock begins to move against the trade. 156.98 is the first level of support below 172.83 , and by rule, any test of support is a buy signal. In this case, support 156.98 would be being tested, so a buy signal would exist.
LRCX - (Short) Resistance Plan
Short under 185.00 target 156.98 stop loss @ 185.26.
The technical summary data is suggesting a short of LRCX as it gets near 185.00 with a downside target of 156.98. We should have a stop loss in place at 185.26 though. 185.00 is the first level of resistance above 172.83, and by rule, any test of resistance is a short signal. In this case, if resistance 185.00 is being tested, so a short signal would exist.
