Lam Research Gets Slammed. Watch This Support Area.
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.