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Top Swing Trade Ideas for Monday, Aug. 18: Advantage Oil & Gas, Lam Research, More

2. Now, lets look at Lam Research, which designs, manufactures, markets, refurbishes and services semiconductor processing equipment used in the fabrication of integrated circuits.

Lam Research traded up 1.5% on Friday, closing at $69.65.

  • Friday's range: $68.51 - $70.17
  • 52-week range: $46.20 - $72.92
  • Friday's volume: 2,415,892
  • Three-month average volume: 1,910,870

Lam Research looks good for today as price action has pulled back and has bounced off the 50-day simple moving average. On Friday, shares traded over the previous week's trading range and closed above the 20-day simple moving average. Plus, Friday's action formed a doji gap up, the traders best friend, and had increased volume that was greater than average.

I'd look to enter a position above the 20-day simple moving average, at or above $69.45. I'd set a stop on a close at or below $68.38. I would target the 52-week high initially, then I would look to stay in this trade until it reaches the top of the previous uptrend trading channel. Shares have had a hard time clearing the $72 level, so watch for a sell signal at this level. Once the $72 level is cleared, lets watch for a breakout above this level.

Buy the dip, take profits at the peaks. Stay long until you see a confirmed sell signal or a close below the t-line.

3. Lastly, lets look at Netflix, which delivers via the Internet TV shows and movies to TVs, computers and mobile devices.

Netflix traded up 1.82% on Friday, closing at $459.09.

  • Friday's range: $448.60 - $462.00
  • 52-week range: $257.75 - $475.87
  • Friday's volume: 2,859,730
  • Three-month average volume: 2,702,180

Netflix looks good as shares are rallying off the bottom. It has formed a bullish cup-and-handle signal. Friday's close cleared most of the near-term resistance, and now shares are looking to take out the 52-week high of $475.87. As I write this article, shares are trading up premarket, and looks like there will be a gap up Monday morning.

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