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

Stocks in this article: NFLXLRCXAAV

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.

Read More: Google Fires Latest Laptop Missile Into Microsoft's and Apple's Hulls

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