During Wednesday night's 'Lightning Round' segment on Mad Money, one caller asked Jim Cramer about Lam Research (LRCX) : "This is the finest semiconductor equipment company in the world but trade tensions are high," Cramer's responsed. Let' check the charts of this chipmaker.
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The company is in a secular downtrend fundamentally, but the stock has risen with the market in this wild ride over the past 12 months.
There is a fundamentally sound business here (for now), but the shares have yet to build what we call an IPO base.
Traders could go long CI at current levels, and we have two price objectives.