Lam Research Corp

LRCX remains in a Stage 4 decline with a confirmed lower-high/lower-low sequence and an active Support Failure pattern signaling accelerating selling pressure. The medium-term bias is bearish as price trades below the 9, 21, and 50 EMAs, with distribution volume confirming committed sellers. Short-term timing is neutral—execution is deferred until a pullback into the dynamic EMA resistance zone around the mid-300s for optimal trimming. The long-term uptrend remains intact above the rising 200 DMA, anchoring structural polarity.

• ↑Q1 revenue rose 24% YoY to $5.84 billion and +9% sequentially
• ↑Gross margin reached 49.9% and operating margin held at 35%
• ↓Current P/E exceeds 61x and GuruFocus flags ~147% overvaluation