This morning Lam Research Corp.(NASDAQ:LRCX) is declining sharply lower this morning. This decline in LRCX comes as the overall stock market indexes are starting the morning sharply higher. This tells us that the stock is very weak relative to the major stock indexes. The LRCX stock will have some minor intra-day support around the $50.50 level which could see a small minor bounce. Another important intra-day level that could get a decent intra-day bounce would be the $50.00 – $50.06 level.
Nicholas Santiago
www.InTheMoneyStocks.com
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InTheMoneyStocks.com is a research and consulting company focused on guiding investors, swing traders and day traders to financial success. Their Chief Market Strategists analyze the markets while making calls on everything from stocks to commodities and currencies. Their goal is to not only guide their subscribers but also teach them their proprietary methods leading them to become investing and trading masters.
Nicholas Santiago
