Learn to Evaluate (LRCX) using the Charts

January 05, 2024, 08:02 am ET, BY Allen K.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for LRCX

• Buy LRCX slightly over 678.09 target 735.47 stop loss @ 676.13 Details

The technical summary data tells us to buy LRCX near 678.09 with an upside target of 735.47. This data also tells us to set a stop loss @ 676.13 to protect against excessive loss in case the stock begins to move against the trade. 678.09 is the first level of support below 731.08 , and by rule, any test of support is a buy signal. In this case, support 678.09 would be being tested, so a buy signal would exist.

• Short LRCX slightly under 735.47, target 678.09, stop loss @ 737.59 Details

The technical summary data is suggesting a short of LRCX as it gets near 735.47 with a downside target of 678.09. We should have a stop loss in place at 737.59though. 735.47 is the first level of resistance above 731.08, and by rule, any test of resistance is a short signal. In this case, if resistance 735.47 is being tested, so a short signal would exist.

Swing Trading Plans for LRCX

• Buy LRCX slightly over 735.47, target 736.23, Stop Loss @ 733.35 Details

If 735.47 begins to break higher, the technical summary data tells us to buy LRCX just slightly over 735.47, with an upside target of 736.23. The data also tells us to set a stop loss @ 733.35 in case the stock turns against the trade. 735.47 is the first level of resistance above 731.08, and by rule, any break above resistance is a buy signal. In this case, 735.47, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short LRCX slightly near 735.47, target 678.09, Stop Loss @ 737.59. Details

The technical summary data is suggesting a short of LRCX if it tests 735.47 with a downside target of 678.09. We should have a stop loss in place at 737.59 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 735.47, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for LRCX

• Buy LRCX slightly over 735.47, target 736.23, Stop Loss @ 733.75 Details

If 735.47 begins to break higher, the technical summary data tells us to buy LRCX just slightly over 735.47, with an upside target of 736.23. The data also tells us to set a stop loss @ 733.75 in case the stock turns against the trade. 735.47 is the first level of resistance above 731.08, and by rule, any break above resistance is a buy signal. In this case, 735.47, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short LRCX slightly near 735.47, target 730.93, Stop Loss @ 737.19. Details

The technical summary data is suggesting a short of LRCX if it tests 735.47 with a downside target of 730.93. We should have a stop loss in place at 737.19 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 735.47, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Check the time stamp on this data. Updated AI-Generated Signals for  Lam Research Corporation (LRCX) available here: LRCX.

LRCX Ratings for January 05:

Term →	Near	Mid	Long
Rating	Weak	Neutral	Strong
P1	0	0	678.09
P2	713.9	736.23	735.47
P3	730.93	775.34	794.98

AI Generated Signals for LRCX

Real Time Updates for Repeat Institutional Readers:

• Factset: Request User/Pass
• Bloomberg, Reuters, Refinitiv, Zacks, or IB users: Access Here.

Instructions:

• Click the Get Real Time Updates button below.

• In the login prompt, select forgot username

• Type the email you use for Factset

• Use the user/pass you receive to login

• You will have 24/7 access to real time updates.

From then on you can just click to get the real time update whenever you want.

GET REAL TIME UPDATES

Market Crash Leading Indicator

Our Market Crash Leading Indicator isEvitar Corte.

• Evitar Corte warned of market crash risk four times since 2000.

• It identified the Internet Debacle before it happened.

• It identified the Credit Crisis before it happened.

• It identified the Corona Crash too.

• See what Evitar Corte is Saying Now.

Get Notified When our Ratings Change:Take a Trial

When #institutionalinvestors make decisions to buy and sell #stocks they normally want to keep it quiet.  However, if we pay close attention we can see what is going on, and make good decisions.. The  Lam Research Corporation (NASDAQ: LRCX) report below can help you understand how to do this. The trading plans for LRCX, are updated in real time for subscribers, but this report is static. If you want an update, or a different report on a different stock, please get one here Unlimited Real Time Reports.