How the (LRCX) price action is used to our Advantage
September 27, 2024, 17:00 pm ET, BY Tyler- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for LRCX
- Buy LRCX near 817.23 target 966.16 stop loss @ 814.87 Details
The technical summary data tells us to buy LRCX near 817.23 with an upside target of 966.16. This data also tells us to set a stop loss @ 814.87 to protect against excessive loss in case the stock begins to move against the trade. 817.23 is the first level of support below 827.12 , and by rule, any test of support is a buy signal. In this case, support 817.23 would be being tested, so a buy signal would exist.
- Short LRCX slightly under 966.16, target 817.23, stop loss @ 968.95 Details
The technical summary data is suggesting a short of LRCX as it gets near 966.16 with a downside target of 817.23. We should have a stop loss in place at 968.95though. 966.16 is the first level of resistance above 827.12, and by rule, any test of resistance is a short signal. In this case, if resistance 966.16 is being tested, so a short signal would exist.
Swing Trading Plans for LRCX
- Buy LRCX slightly over 835.59, target 966.16, Stop Loss @ 833.18 Details
If 835.59 begins to break higher, the technical summary data tells us to buy LRCX just slightly over 835.59, with an upside target of 966.16. The data also tells us to set a stop loss @ 833.18 in case the stock turns against the trade. 835.59 is the first level of resistance above 827.12, and by rule, any break above resistance is a buy signal. In this case, 835.59, 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 835.59, target 817.23, Stop Loss @ 838. Details
The technical summary data is suggesting a short of LRCX if it tests 835.59 with a downside target of 817.23. We should have a stop loss in place at 838 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, 835.59, 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 829.58, target 835.59, Stop Loss @ 827.64 Details
If 829.58 begins to break higher, the technical summary data tells us to buy LRCX just slightly over 829.58, with an upside target of 835.59. The data also tells us to set a stop loss @ 827.64 in case the stock turns against the trade. 829.58 is the first level of resistance above 827.12, and by rule, any break above resistance is a buy signal. In this case, 829.58, 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 829.58, target 817.23, Stop Loss @ 831.52. Details
The technical summary data is suggesting a short of LRCX if it tests 829.58 with a downside target of 817.23. We should have a stop loss in place at 831.52 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, 829.58, 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 September 27:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Strong |
Strong |
| P1 |
0 |
0 |
817.23 |
| P2 |
829.58 |
801.94 |
966.16 |
| P3 |
852.27 |
835.59 |
1117.78 |
AI Generated Signals for LRCX
Blue = Current Price
Red= Resistance
Green = Support
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Our job as #investors is to pay attention to the #stocks we own. Part of that involves looking at the #fundamentals, but half of the disclosure comes from looking at price action. The Lam Research Corporation (NASDAQ: LRCX) data table below can help you with price action, and we have more details too. Trading plans for LRCX are shown here too; these plans are updated in real time for subscribers, where this report is static. If you want an update, or a report on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for LRCX:
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