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LAM (LRCX) looks to move back to middle of long range

LAM (LRCX) looks to move back to middle of long range

by | Aug 23, 2021 | Chart SetUps

LAM (LRCX) a high quality Semi hit recently with some concerns about the Memory market weakening but shares basing right on its 200-day moving average and today seeing weekly call buyers and 500 November $580 calls bought to open for nearly $2M. LRCX has a nice volume pocket above $590 back to $615 and could then even test the upper part of the range and break to new highs.