Breakout Alert: LRCX Squeeze Intensifies at $244.25
Shares of Lam Research Corp (LRCX) rose 0.82% to $244.25 on February 25.
From a technical standpoint, the outlook appears mixed:
Moving Averages
Bullish EMA alignment intact with price above the 9-day at $238.73 and 21-day at $231.57.
Momentum
RSI at 61.6 is showing no strong directional bias. MACD reads 8.72 against its 8.94 signal line (bearish).
Volatility
A 15-day TTM Squeeze suggests volatility is coiled and a breakout may be imminent.
The bullish trend is intact, but fading MACD momentum suggest waiting for a pullback.
Traders are watching $215.56 on the downside and $252.81 on the upside.
