The performance of the supplier of equipment used by the semiconductor industry is pointing decisively upwards, with a percentage change of 3.50%.
The analysis of the stock performed on a weekly basis highlights Lam Research‘s bullish trendline which is more pronounced than the trend of the S&P-500. This expresses the market’s greater attractiveness towards the stock.
Technically, the medium-term situation is negative, while bullish signs can be seen in the short term, thanks to the stability of the support area identified at USD 84.32. The short-term positive trend is indicative of a change in the trend towards a bullish scenario, with the curve that could push towards the important resistance area estimated at 86.69. At an operational level, the most appropriate scenario could be a bullish recovery of the stock, with a resistance area identified at 89.06.
The indications are to be considered mere information tools, and are in no way intended to constitute financial advice, solicitation for public savings or promote any form of investment.
(By the Teleborsa Research Office)
