Lam Research Extends Breakout

Lam Research Extends Breakout

Lam Research continues to build strength following last week’s powerful earnings inspired breakout.  $LRCX surged over 15% on Thursday, its best gain in years, as volume jumped to extreme levels.  This week the stock is beginning o to pierce a very heavy 200 day...
Alibaba Breakout

Alibaba Breakout

$BABA is in breakout mode today.  Shares are up 5% following this morning’s earnings report. Highlights: $BABA left behind a major double bottom in the fourth quarter of last year.  The January 2019 low is also in this zone. A divergent low(daily MACD) began to...
MGM Poised For A Breakout?

MGM Poised For A Breakout?

$MGM has been bumping up against its declining 200 day moving average at the January highs.  Support underneath is quite solid.  The overhead trendline that links the July/December highs is now providing strong footing.  A close above $29.00 would clear the January...