Bought LRCX at $47.40

LRCX looked promising this afternoon, so I bought some at 47.40. If things go bad, it might drop below 46.39, for a 38.2% Fibonacci retracement, or even to 44.42, for a 50% retracement, but I expect 46.39 to act as support.  The recent drop from 51.46 was mostly due - I believe - to a downgrade by a GS analyst. It's a downgrade from outperform to neutral. The target of my trade is when the price goes above the 5-day EMA.