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Lam Research Has Rallied, but Volume Is Missing

Bruce Kamich

Let's take a closer look at this semiconductor stock noted by Jim Cramer on Real Money today. In the daily bar chart of Action Alerts PLUS holding LRCX, below, we can see that the downtrend from March has been broken. The daily On-Balance-Volume (OBV) line shows a long decline and only recently turned upwards signaling a shift in buying.