LRCX Breaks The Base

Have you been keeping an eye on Lam Research Corp’s (LRCX) base? Don’t worry, because I have been for you. LRCX just broke through $54 resistance about 3 minutes ago, and is now sitting at a real time last of $54.02. Volume is nearing 4 million. Take a look at the chart:

Based on the chart, LRCX is a buy, and I am considering a few here at $54.02. Some other factors to point out here on the chart, the upward trending 50 MA, the A+ Acc/Dis rating, and the 28% funds.

Happy Hunting.

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