On Monday, Lam Research stock received a positive adjustment to its Relative Strength (RS) Rating, from 80 to 84.
When looking for the best stocks to buy and watch, be sure to pay attention to relative price strength.
This exclusive rating from Investor's Business Daily measures price performance with a 1 (worst) to 99 (best) score. The rating shows how a stock's price movement over the trailing 52 weeks stacks up against all the other stocks in our database.
Over 100 years of market history reveals that the best stocks tend to have an 80 or higher RS Rating in the early stages of their moves.
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Is Lam Research Stock A Buy?
Lam Research stock is trying to complete a with a 548.95 entry. See if the stock can clear the breakout price in volume at least 40% above average. Read "Looking For The Next Big Stock Market Winners? Start With These 3 Steps" for more tips.
The chipmaker company reported negative growth for both sales and earnings last quarter.
Lam Research stock earns the No. 6 rank among its peers in the Electronics-Semiconductor Equipment industry group. Axcelis Technologies and Applied Materials are also among the group's highest-rated stocks.
