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Lam Research Gets Slammed. Watch This Support Area.



January 27, 2011 – Comments (0)

This morning Lam research corp.(NASDAQ:LRCX) is trading lower by $1.60 to $52.43 a share. The stock is coming under pressure after reporting weaker Q3 earning outlook. The stock will have near term intra-day support around the $51.50 area. This is where traders can look for a short term intra-day bounce in the stock.

Nicholas Santiago

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