LRCX Crosses Below Key Moving Average Level

In trading on Monday, shares of Lam Research Corp (LRCX) crossed below their 200 day moving average of $49.88, changing hands as low as $49.17 per share. Lam Research Corp shares are currently trading down about 2.6% on the day. The chart below shows the one year performance of LRCX shares, versus its 200 day moving average:

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Lam Research Corp 200 Day Moving Average Chart

Looking at the chart above, LRCX's low point in its 52 week range is $39.94 per share, with $56.52 as the 52 week high point — that compares with a last trade of $49.29.

According to the ETF Finder at ETF Channel, LRCX makes up 2.58% of the Dynamic Semiconductors Portfolio ETF ( PSI) which is trading relatively unchanged on the day Monday.

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