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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.