Chipmaker Pulls Back to Key Supportive Trendline

Chipmaker Pulls Back to Key Supportive Trendline Laura McCandless Tue, September 15, 2026 at 8:37 PM GMT+2 1 min read LRCX Lam Research Corporation (NASDAQ: LRCX) stock has struggled recently, shedding 16. 6% in the last week alone. The shares have seen some volatility since their April-June rally peaked at a June 30 record high of $438.

50. LRCX was last seen down 2. 3% at $267.

22 today, though it still boasts a roughly 56% year-to-date lead. Plus, the recent pullback has found support at the 200-day moving average, a trendline with historically bullish implications. Per Schaeffer's Senior Quantitative Analyst Rocky White, LRCX has traded within 0.

75 times the 200-day moving average's 20-day average true range (ATR) after spending at least 80% of the previous two weeks and 80% of the prior 42 trading sessions above the trendline. This setup has occurred five other times over the last decade, after which the stock was higher one month later 80% of the time, averaging a 6. 9% gain.

New LRCX Furthermore, LRCX's 14-day Relative Strength Index (RSI) of 28. 7 sits in "oversold" territory, which often precedes a short-term bounce.