Market update
What happened
Lam Research Corp (LRCX) closed at 366.81 USD in the latest weekly reading, with the weekly price path over 52 weeks showing a sharp move through the week ended June 12.
Confirmation was broad, with an active trend state, positive Market Dynamics confirmation, and elevated Relative Strength. The main complication is extension, as gains are already large across the one-, four-, and twelve-week windows.