Place a rack inside a roasting pan and place the lamb on the rack. Slide the roasting pan into the preheated oven. Roast until a meat thermometer reads 120°. Pull the roasting pan from the oven and place an aluminum foil tent over the lamb. As the lamb rests, it will continue to cook from the internal, residual heat. A temperature of 125° is medium rare, 130 is medium, 140 is medium well, and 150 is well done.