Lam Research (LRCX) Offering Possible 26.58% Return Over the Next 16 Calendar Days

Lam Research's most recent trend suggests a bullish bias. One trading opportunity on Lam Research is a Bull Put Spread using a strike $267.50 short put and a strike $262.50 long put offers a potential 26.58% return on risk over the next 16 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $267.50 by expiration. The full premium credit of $1.05 would be kept by the premium seller. The risk of $3.95 would be incurred if the stock dropped below the $262.50 long put strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for Lam Research is bullish and the probability of a rise in share price is higher if the stock starts trending.

The 20-day moving average is moving up which suggests that the medium-term momentum for Lam Research is bullish.

The RSI indicator is at 53.77 level which suggests that the stock is neither overbought nor oversold at this time.

To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here

LATEST NEWS for Lam Research

Lam Research Corporation Announces Participation at Upcoming Conference
Wed, 27 May 2020 20:36:03 +0000
FREMONT, Calif., May 27, 2020 — Lam Research Corporation (Nasdaq: LRCX) today announced its participation at an upcoming investor event: Doug Bettinger, Executive Vice.

Here is What Hedge Funds Think About Lam Research Corporation (LRCX)
Wed, 27 May 2020 18:22:50 +0000
The financial regulations require hedge funds and wealthy investors that exceeded the $100 million equity holdings threshold to file a report that shows their positions at the end of every quarter. Even though it isn't the intention, these filings to a certain extent level the playing field for ordinary investors. The latest round of 13F […]

Lam Research (LRCX) Down 1.2% Since Last Earnings Report: Can It Rebound?
Fri, 22 May 2020 15:30:03 +0000
Lam Research (LRCX) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.

Lam Research Boasts Rising Relative Strength, Strong Fundamentals
Wed, 20 May 2020 15:50:00 +0000
Lam Research had its Relative Strength (RS) Rating upgraded from 80 to 84 Wednesday. When you're researching the best stocks to buy and watch, be sure to pay attention to relative price strength. More than 100 years of market history reveals that the stocks that go on to make the biggest gains often have an RS Rating of over 80 as they begin their biggest price moves.

5 AI Stocks to Put on Your Watch List Amid Coronavirus Pandemic
Wed, 20 May 2020 08:10:08 +0000
The coronavirus crisis, which has disrupted many industries, may actually speed up the adoption of technologies like AI.

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