Nov. 15 at 7:56 AM
$LRCX: The last close at
$148.26 indicates a position within the recent trading range, with a 60D high of
$167.15 and a low of
$94.11. The RSI at 43.25 suggests that the stock is approaching oversold territory, indicating potential for a reversal or upward movement. The MA30 at
$150.75 is currently above the last close, while the MA50 at
$140.75 is below, suggesting mixed short-term momentum but overall support at the MA50 level.
Directional bias leans slightly bullish due to the RSI indicating potential recovery. Suggested entry is around
$145, slightly below the MA50 for a better risk-reward ratio. Set a stop loss at
$140 to limit downside risk. Target 1 is
$155, aligning with the MA30, and Target 2 is
$160, near the midpoint of the recent high-low range.
Monitor price action closely for confirmation of upward momentum.
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