LAM RESEARCH CORP
(LRCX-Nasdaq):
Technical Viewpoint: From a low
of $48.44 on Aug 20, 1999 prices
rallied, reaching a
high of $66.00
on Sep 14, 1999. A
decline saw prices pull back, reaching a
low of
$56.00 on Sep 24, 1999.
Another rally saw prices penetrate
resistance, closing 10/1/99
at $64.81. Technicals: Stochastic Oscillator (STOC): A Buy Alert!
was given on Sep 28, 1999 when the solid line crossed the dotted line to the upside.
Support: Remains at $58.00. Resistance: Is at $66.00.
Point & Figure: Reversed to the upside on Oct 1, 1999. A P&F upside
reversal takes place at $61 1/4. Summary: Technical indicators have turned bullish. BUY! LAM RESEARCH CORP
(LRCX-Nasdaq) @ $65 3/4 Stop: Use a protective stop of $62 7/8.
LAM RESEARCH CORP is currently trading @ $64.81 plus $3.81 on Oct 1, 1999. Price Objective:
$82.00. Risk/Reward: $2 7/8 VS. $16 1/4. Today's Risk Reward Ratio: 5:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$82.00
Risk/Reward:
$2 7/8 VS. $16 1/4
Risk/Reward Ratio:
5:1
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