Wednesday, August 30, 2006

Trade of the Day - Lam Research Corp NASDAQ (LRCX)

I was not able to trade the open or most of the morning due to office deadlines. However, I did catch a few midday entries which played out very nicely. The best trade was a low risk entry in LRCX which generated 1+ pts. I also placed a buy stop limit order in BRCM just above morning resistance. It had a nice rally after it retested resistance (which now acted as support).

15 minute charts - click to enlarge

My only other trade was CHS (entry at $18.00) and I'm swinging it into tomorrow.

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