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Lam Research Clears Technical Benchmark, Hitting 80-Plus RS Rating

Lam Research (LRCX) had its Relative Strength (RS) Rating upgraded from 77 to 81 Tuesday. When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.




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This unique rating identifies technical performance by showing how a stock’s price movement over the last 52 weeks measures up against that of the other stocks in our database.

Over 100 years of market history reveals that the best stocks often have an 80 or better RS Rating in the early stages of their moves.


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Lam Research is working on a flat base with a 673.90 entry. See if it can clear the breakout price in volume at least 40% above average. Note that it’s a second-stage base. Such later-stage patterns involve more risk and are more likely to fail than a first-stage formation.

Lam Research saw both earnings and sales growth rise last quarter. Earnings-per-share increased from 51% to 88%. Revenue rose from 34% to 54%. Keep an eye out for the company’s next round of numbers on or around Jul. 29.

Lam Research holds the No. 6 ranking among its peers in the Electronics-Semiconductor Equipment industry group. ASML Holdings (ASML) and Onto Innovation (ONTO) are also among the group’s highest-rated stocks.

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