Lam Research (LRCX) Offering Possible 42.86% Return Over the Next 21 Calendar Days

Lam Research's most recent trend suggests a bullish bias. One trading opportunity on Lam Research is a Bull Put Spread using a strike $177.50 short put and a strike $172.50 long put offers a potential 42.86% return on risk over the next 21 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $177.50 by expiration. The full premium credit of $1.50 would be kept by the premium seller. The risk of $3.50 would be incurred if the stock dropped below the $172.50 long put strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for Lam Research is bullish and the probability of a rise in share price is higher if the stock starts trending.

The 20-day moving average is moving up which suggests that the medium-term momentum for Lam Research is bullish.

The RSI indicator is at 63.26 level which suggests that the stock is neither overbought nor oversold at this time.

To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here


LATEST NEWS for Lam Research

Lam Research (LRCX) Gains But Lags Market: What You Should Know
Tue, 26 Mar 2019 21:50:09 +0000
Lam Research (LRCX) closed the most recent trading day at $180.17, moving +0.6% from the previous trading session.

Jim Cramer: Forgotten Companies Stocks' Are Leading the Way Up
Thu, 21 Mar 2019 23:01:00 +0000
To do that it has to order and idle, meaning order fewer machines and shut down some assembly lines. (Apple and Lam Research are holdings in Jim Cramer's Action Alerts PLUS member club. Want to be alerted before Jim Cramer buys or sells AAPL or LRCX?

What Made Memory Stocks the Top Gains of the S&P 500 Index?
Thu, 21 Mar 2019 19:25:08 +0000
What Made Memory Stocks the Top Gains of the S&P 500 Index?Micron’s stock jumps over 8%Micron Technology (MU) and Western Digital (WDC) stocks were among the top five gainers of the S&P 500 Index on March 21 in the first half of the

Lam Research Is an Attractive Alternative to Micron
Thu, 21 Mar 2019 19:11:00 +0000
Shares of Lam have run up rapidly in Thursday's trading, soaring over 6% at daily highs as Micron, one of its primary partners, may have finally built in a rebound for memory manufacturers. According to FactSet, Micron is Lam's fifth most prominent partner. While a cut in capex might seem like a negative for Lam, that is a myopic view according to Action Alerts PLUS portfolio manager Jim Cramer.

10 Companies With New or Improved Stock Buybacks in 2019
Wed, 20 Mar 2019 18:23:39 +0000
Stock buybacks crashed through the ceiling in 2018. Companies in the Standard & Poor's 500-stock index alone announced plans to repurchase almost $1 trillion in shares – a tactic that not only makes the remaining stock worth a little more, but improves per-share financial metrics in their quarterly reports.Generous corporate tax cuts took hold in 2018, making it easy for many of the nation's businesses – which already were flush with cash – to pull the trigger. The same business-friendly tax environment could make 2019 another strong year for stock buybacks.Eclipsing last year's tally would require continued economic growth, of course, although not even a nagging tariff war appears to be a problem for capitalism just yet. Inflation is being held in check, too, and the Federal Reserve is leaning dovish, so few landmines lie ahead. The only plausible threat to buyback mania to date is legislation aimed at crimping excessive stock repurchases. Even then, the idea has minimal support and could take until at least 2020 to put in place if approved.In other words, the environment is right for 2019 to be another strong year for share repurchases. In fact, several organizations have already made their announcements. Here are 10 companies that have initiated or increased stock buybacks just since the beginning of the year. SEE ALSO: Millionaires in America 2019: All 50 States Ranked

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