LRCX Is Selling Sharply. Watch This Level.

This morning Lam Research Corp.

is declining sharply lower this morning. This decline in LRCX comes as the overall stock market indexes are starting the morning sharply higher. This tells us that the stock is very weak relative to the major stock indexes. The LRCX stock will have some minor intra-day support around the $50.50 level which could see a small minor bounce. Another important intra-day level that could get a decent intra-day bounce would be the $50.00 - $50.06 level. Nicholas Santiago InTheMoneyStocks