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SmarTrend Watching for Potential Rebound in Shares of Lam Research After 2.41% Loss

Comtex SmarTrend(R) - Tue Sep 4, 12:04PM CDT

Lam Research (NASDAQ:LRCX) traded in a range yesterday that spanned from a low of $168.34 to a high of $172.92. Yesterday, the shares fell 2.4%, which took the trading range below the 3-day low of $171.72 on volume of 1.2 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, Lam Research share prices have been bracketed by a low of $156.83 and a high of $234.88 and are now at $169.09, 8% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.5% while the 50-day MA has remained constant.

SmarTrend is tracking the current trend status for Lam Research and will alert subscribers who have LRCX in their portfolio or watchlist when shares have changed trend direction.

Write to SmarTrend at cs@mysmartrend.com

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