Lam Research Holds 200-Day Average as Breakout Setup Builds

$LRCX held its 200-day moving average and is now trading above its upper trendline.
A move above $370 would also break the ongoing series of lower highs, strengthening the technical breakout setup. Traders seeking magnified daily exposure to Lam Research can also track the Tradr 2X Long LRCX Daily ETF $LRCU.