Lam Research stock: buy or sell
Mar 2nd, 2021
Lam Research stock brief
- Lam Research stock exploded 5.57% to close at $598.81 on the stock market on Monday.
- Price is drawing a scaled uptrend since March 2020 with higher tops and higher bottoms. This rally marked a 235.58% gain. Lam Research gained a 2.29% since Monday after breaking out over its last top at $585.42
- On Monday broke out above its latest top at $585.42
- Last Wednesday broke out above its latest top at $585.42
- Lam Research Corporation designs, manufactures, markets, refurbishes, and services semiconductor processing equipment used in the fabrication of integrated circuits worldwide.
Should I buy Lam Research stock?
Even if you are a experienced or a novel trader, best trading results come from using an investing strategy that never leaves to random or subjective opinions when is the best moment to buy or sell stocks. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best
Is $LRCX stock a buy?
Currently, Lam Research stock matches 2 trading strategies:
Uptrend buy setup
Lam Research stock continues to trend higher since in March 2020 and marked an amazing 235.58% gain. Price marked a local bottom in this uptrend at $481.05 last January, and since then it bounced off a 24.48%. Price just broke out above the buy point at $585.42, but it's still eligible. If price goes above $614.69, don't chase the price and wait for the next entry point. If you decide to enter this trade, the suggested stop loss is at $526.88
|Buy setup||Buy point||Stop loss||Risk|
|Uptrend buy setup||$585.42||$526.88||10.00%|
ATH buy setup
All-time Highs is always an excellent buy point for those who like to buy high and sell higher. The good point of buying at ATHs is that shares price doesn't struggle with upper resistances, and usually it rises quickly. However, there's the risk of a bulls trap that may trigger your buy order and then drops sharply. That's why a stop loss is so important. Price is now at 0.80% of all-time highs and it can breakout at any time, so if you want to trade this setup it's recommended to setup your order at $603.60. Set your stop-loss at $543.24
|Buy setup||Buy point||Stop loss||Risk|
|ATH buy setup||$603.60||$543.24||10.00%|
Should I sell Lam Research stock?
How to know when is it time to sell Lam Research?. Trading strategies allow us to avoid impetuous decisions based on our personal feelings or the noise that surrounds the market. Our trading system selects very simple setups to guide us on when is the best time to sell a stock. Be aware that these setups are not intended for selling short Lam Research stock
A guiding principle is that you should never mantain a trade that leads to greater losses than those expected at the time of purchase. The timing to sell your stock should always be ruled by the stop-loss (automatic or manual)
Is it time to sell Lam Research stock?
Currently, Lam Research stock doesn't match any of our preferred sell setups, so if you own Lam Research stock and your operation is in profit probably is not time to sell now
Lam Research ratings
We don't have any rating published in the last month for Lam Research
Lam Research stock analysis
Since in March 2020, Lam Research has been printing an uptrend that by now marked a gorgeous 235.58%. The chart shows higher peaks and higher troughs, and along the way gave some buy points for those who wanted to trade in. Latest low was last January, when price bounced at $481.05. Lam Research broke out above $585.42 (its last top) on Monday. That breakout was a good entry point
Supports and resistances
Price is at highs and there are not upper resistance levels.
The current support levels are:
Relative strength index
The RSI dropped below the overbought level of 70 last January after just crossing to the overbough zone for a single day (weak signal). The RSI reading on Monday was 59.06. Since that level was lost, Lam Research price exploded a 3.24%
Lam Research stock price history
Lam Research IPO was on May 4th, 1984 at $0.00 per share1. Since then, LRCX stock surged by -, with an average of 0.00% per year. If you had invested thousand dollars in Lam Research stock on the IPO, it would have a value of $inf today.
1: Adjusted price after possible price splits or reverse-splits
Price target for Lam Research stock
Nobody knows how much a share will be priced in the future. However, many stock price forecasts are posted every day by banks, financial institutions and independent analysts.
The following table shows the price predictions published by financial institutions over the last 30 days. Again, these targets are not direct recommendations for individual traders and should not be followed blindly.
We don't have any target price posted in the last 4 weeks for Lam Research.
Earnings and financials
Lam Research Corporation ($LRCX) posted quarterly earnings of $6.03 per share last January, slightly improving the analysts consensus estimate of $5.72 per share. This Q2 report means an earnings surprise of 5.42%. On the contrary, the company reported revenue for Q2 was $3.5 billion consistent with analysts' estimates.Same quarter last year, reported EPS was $4.01, so recently reported EPS is a gain of 50.37%. Sales exploded a 33.78% on an annualized basis in the , from $25.8B to $34.6B last quarter.
Lam Research ($LRCX) posts Q3 earnings report mid next April. Market analysts analysts predict of $6.59, that is a 9.29% more than Q2.
Lam Research performance
|Lam Research ($LRCX)||18.60%||33.40%||75.90%|
Please read:The thoughts published in this post are personal and should not be followed as recommendations for you to buy or sell shares. The author of this document does not have any knowledge of the particular conditions of the reader, his or her financial statements or what is in his or her best interest at any given time. All users should speak with their financial advisor before buying or selling any securities Thoughts are posted for education reasons only
Lam Research summary
|Monday, March 1st, 2021|
|Day range||$575.6 - $600.5|
|Average true range||$37.18|
|50d mov avg||$527.45|
|100d mov avg||$469.06|
|200d mov avg||$395.98|
|Earnings date||April 21st, 2021|