Industry: Semiconductor Equipment Closing Price: 38.93 P/E: 27.7 Avg. Vol.: 2,626K
Company Profile: Lam Research Corporation manufactures, markets, and services semiconductor processing equipment used in the making of integrated circuits. The Company's products are used to deposit special films on a silicon wafer and etch away portions of various films to create a circuit design. Lam sells its products around the world.
Chart Setup: Breakout
Trading Strategy: We'll look to buy LRCX if it trades above 39.00 Place a stop under 38.08 Target 1: $41.00
SPW Update: RRC met our entry and reached Target 1. Lot 2 was closed w/a daily trailing stop for a nice gain.