LRCX has continued to move higher from is October 2nd low. Very often when a stock moves to far from it's 20 moving average it needs to come back into it at some point. Look at LRCX, notice how it extended it is from the 60 minute 20 moving average. This is the most extended it has been from this key moving average and may need to pull back toward it. It is important to notice that pullbacks usually occur around the whole round numbers and in this case the 38.00 area.