Lam Rebounding(New Long)

Lam Rebounding(New Long)

Lam Research has pulled back nicely over the last month.  The stock’s powerful earnings driven breakout on January 24th lead to a fresh rally leg.  By February 14th LRCX was up over 30% from the pre earnings close of January 23rd.  This week the stock is testing...
$INTC Update

$INTC Update

The 200 day moving average, which has been declining since mid December, is still in control.  It has capped three of the last monthly highs.  Intel reports Q4 results tomorrow after the bell.  Not exactly a bullish set up.  But, a high volume move past $50.00 could...
Texas Instruments Update

Texas Instruments Update

Double bottom in place?  October/December lows look quite solid. Divergent MACD(daily) in place. Beginning to pierce a key overhead trendline.  Links three monthly highs(Sept/Oct/Dec). Initial support=$96.00 A close above $99.00 could spring it free. Earnings due Jan....
Applied Materials Bottoming?

Applied Materials Bottoming?

Shares of $AMAT have spent very little time in the red today despite a deep pullback in the major indexes.  With an hour to go in the session the stock is up just over 1.8% and is a top five gainer in the S&P 500 Index.  It appears $AMAT is set for a close above...
Microsoft Update

Microsoft Update

The 200 day moving average has proven to be a solid support zone for Microsoft during this recent wave of volatility.  The stock closed ever so slightly, as it did on Nov. 20th, below the 200D yesterday. $MSFT has not posted back to back closes below the 200 day...