Another Shot at a Short Sale in Lam
Stock quotes in this article:
LRCX
Once the short entry is taken, I suggest putting a fairly tight buy-stop on the trade at around $56.05.
The downside target would be about $47. The stock was at that level in March, so it's not much of a stretch to believe that the stock could return to that area again.Updates on Previous Picks
- Akamai Technologies (AKAM Quote): This trade set up on a break below support, at $42.35. The current buy-stop should be set at $44.10. Akamai closed at $42.87 Wednesday.
- Goldcorp (GG Quote) is still on the Watch List. Continue to wait for this stock to run up to $25 before shorting. Goldcorp shares closed at $23.32 Wednesday.
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,309.92 | 1,091.49 | 2,138.44 | 32.31 |
Oil *
77.12
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DOWN
154.48
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DOWN
19.14
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37.61
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0.48
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10 Yr
3.23%
SPDR Gold
115.06
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-1.48%
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-1.72%
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-1.73%
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-1.46%
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