The Relative Strength (RS) Rating for Lam Research moved up into a higher percentile Friday, as it got a lift from 67 to 74.
When To Sell Stocks To Lock In Profits And Minimize Losses
This proprietary rating identifies technical performance by showing how a stock's price action over the last 52 weeks compares to that of the other stocks in our database.
Decades of market research reveals that the best-performing stocks often have an RS Rating of at least 80 in the early stages of their moves. See if Lam Research can continue to show renewed price strength and clear that threshold.
Lam Research is within a buying range after climbing above an 86.04 buy point in a cup with handle. The proper buying range extends to 5% above the initial entry. Once a stock moves above that range, it's best to hold off investing and wait for it to set up another buying opportunity..
Earnings grew 33% last quarter, up from 21% in the prior report. Revenue also increased, from 16% to 24%.
Lam Research earns the No. 3 rank among its peers in the Electronics-Semiconductor Equipment industry group. KLA is the top-ranked stock within the group.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
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