LRCX Makes Bullish Cross Above Critical Moving Average

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In trading on Wednesday, shares of Lam Research Corp (Symbol: LRCX) crossed above their 200 day moving average of $175.07, changing hands as high as $179.11 per share. Lam Research Corp shares are currently trading up about 3.4% on the day. The chart below shows the one year performance of LRCX shares, versus its 200 day moving average: Lam Research Corp 200 Day Moving Average Chart

Looking at the chart above, LRCX's low point in its 52 week range is $113.1982 per share, with $219.70 as the 52 week high point - that compares with a last trade of $178.43.

According to the ETF Finder at ETF Channel, LRCX makes up 7.43% of the First Trust Nasdaq Semiconductor ETF (Symbol: FTXL) which is trading up by about 1.2% on the day Wednesday.

Click here to find out which 9 other stocks recently crossed above their 200 day moving average »

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: Investing
Referenced Symbols: LRCX , FTXL

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