Bullish EMA Stack Supports LRCX Rally to $347.49
Lam Research Corp (LRCX) ticked higher by 2.18% to $347.49 on October 5.
Technical indicators paint a bullish picture:
Momentum
RSI at 67.9 is neutral but improving. MACD is bullish (7.75 vs signal 1.33).
Moving Averages
The stock holds above both the 9-day ($323.69) and 21-day ($312.62) EMAs, confirming the uptrend.
Volatility
Bollinger Band width at 28.8% indicates normal volatility.
While the trend remains bullish, elevated RSI warrants caution for new entries at current levels.
Traders are watching $261.51 on the downside and $349.34 on the upside.
