Lam Research Futures Snapshot Puts LRCX Below Five Moving Averages

Lam Research Corporation (LRCX) was quoted at $200.99 in a Nov. 7 futures snapshot, down 1.45% over 24 hours and below five moving averages. The 24-hour range was $198.39 to $213.61.

The seven-day simple moving average (SMA) was $217.31, and the 12-day exponential moving average (EMA) was $223.27. The 20-day SMA was $234.56, the 26-day EMA was $244.15 and the 50-day SMA was $281.24.

The lower Bollinger Band was $194.34, while the middle band was $234.56. The 14-day relative strength index (RSI) was 26.76, an oversold reading. The moving average convergence divergence (MACD) line and signal line were both -20.8879, with a histogram of 0.0000. The RSI reading alone does not establish a reversal.