Lam Research Corpora
LRCX
Delayed Nasdaq - 07/24 10:00:00 pm
164.12USD
+0.36%

In an accumulation phase

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Anas Lozach
 

Strategy published on : 05/18/2017 | 14:22

long trade
Target price hit

Entry price : 146.5$
Target : 156$
Stop-loss : 143.9$
Potential : 6.48%

From a horizontal accumulation phase, the timing seems good to buy shares in Lam Research Corporation and to get ahead of a break-out on the upside of the congestion area.
Summary

● The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.

● The company has solid fundamentals for a short-term investment strategy.


Strengths

● Growth progress expectations are rather promising. Indeed, sales are expected to rise sharply in the coming years.

● Margins returned by the company are among the highest on the stock exchange list. Its core activity clears big profits.

● Thanks to a sound financial situation, the firm has significant leeway for investment.

● Upward revisions of sales forecast reflect a renewed optimism among the analysts covering the stock.

● Over the past year, analysts have regularly revised upwards their sales forecast for the company.

● For the past twelve months, EPS forecast has been revised upwards.

● For the past year, analysts covering the stock have been revising their EPS expectations upwards in a significant manner.

● Analysts covering this company mostly recommend stock overweighting or purchase.

● Within the weekly time frame the stock shows a bullish technical configuration above the support level at 114.9 USD


Weaknesses

● The firm pays small or no dividend to shareholders. For that reason, it is not a yield company.

Zonebourse.com 2017
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