Let's look at the charts and indicators for more clues on LRCX's next move.
Shallow corrections should be considered a bullish event as traders and investors are not waiting for a deeper correction to buy.
Let's see if the worst is behind this stock.
Let's see what the charts and indicators say.
The trade war just heated up and semiconductor stocks such as Micron are melting.
"We are still perceived as just a hardware company and that's not true," Robbiati said.
Shares finished down 0.2% to $174.24 on Tuesday.
The momentum indicator may be a signal that bears on Apple have already taken the bulk of their bite.
The iPhone maker faces multiple risks that go well beyond how it finds itself in the crossfire of President Trump's trade war with China.
'Here's the story: If we don't make a deal, then I'm going to put the $200 -- and it's really $67 -- billion additional on at an interest rate [sic] between 10 and 25 depending.'