Stocks scored some new highs midday Monday, including stocks from strong sectors. But fund support for many of the new-high stocks is not ideal.
Chip equipment maker Lam Research (LRCX) popped higher for a second consecutive session. The stock cleared a 119.24 buy point Friday and added 1.80 to 122.40 Monday. Volume was soft both days. Going into Monday’s session Lam was No. 38 in the IBD 50 and No. 11 in the Big Cap 20.