Stocks With Rising Relative Price Strength: Lam Research

One important metric to look for in a stock is an 80 or higher Relative Strength Rating. Lam Research (LRCX) cleared that benchmark Wednesday, with a jump from 78 to 82 Wednesday.


When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.

IBD’s unique RS Rating measures technical performance by using a 1 (worst) to 99 (best) score that identifies how a stock’s price action over the last 52 weeks matches up against the rest of the market.

Decades of market research reveals that the best stocks typically have an 80 or better RS Rating in the early stages of their moves.

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Lam Research is building a consolidation with a 673.90 entry. See if it can clear the breakout price in heavy trade.

Lam Research showed 47% earnings growth in the latest quarterly report, while sales growth came in at 35%.

Lam Research earns the No. 8 rank among its peers in the Electronics-Semiconductor Equipment industry group. KLA Tencor (KLAC) and Nova Ltd (NVMI) are also among the group’s highest-rated stocks.


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