Mubasher: Lam Research (LRCX) continued its upward trend, reaching new all-time highs near $251.00.
The price began its climb, supported by high trading volumes, closing yesterday's session at $241.80. Pre-session trading opened around $248.50.
It rose from $241.80 to $251.00 and is currently testing Fibonacci retracement resistance near $251.00.
A sustained move above $251.00 would likely target new highs near $257.50-$257. A break above this level could push the price towards $261.00-$267.70. Conversely, a drop below $242.30-$239.50 could extend the correction to $233.00.
Price Action Summary
LRCX stock saw a significant rise during January and February of 2025, then the price was subjected to sharp selling pressure starting in March, reaching a low of $56.00.
The price then successfully established a strong price base from which it launched a powerful upward trend, achieving a new all-time high near $251.00 in 2026. This represents a more than threefold increase compared to its levels at the beginning of 2025.
Disclaimer:
This analysis is based on technical analysis tools and reflects a comprehensive analytical view that may vary depending on interpretation methods.
It does not constitute a direct recommendation to buy or sell, nor an invitation to make investment decisions. This is intended solely for monitoring and study purposes. Investment decisions are the sole responsibility of the investor, based on their financial situation and investment goals.
