Lam Research (LRCX) – Bullish DailyPlay – Feb 26th, 2019

The bullish DailyPlay we chose for Tuesday, Feb 26th is Lam Research (LRCXWealth Strength IndexAAPL is Extremely Up and trending Up). LRCXWealth Strength IndexAAPL is Extremely Up and trending Up is part of the Technology Sector (XLK). XLK has rallied 9.18% higher over the past month and its 1m and 6m trend turned bullish on Feb 12th while breaking above its $68 resistance level.

Lam Research’s 1m and 6m trends turned bullish on Jan 24th and recently bounced off its $175 support level. With a technical score of 8 (out of 10), LRCXWealth Strength IndexAAPL is Extremely Up and trending Up is a bullish stock that will likely continue higher.
As a stop loss, if LRCXWealth Strength IndexAAPL is Extremely Up and trending Up was to trade below $175 for multiple days, this would invalidate our analysis and suggest getting out of the trade.