Bearish Moving Average Cross by Kla-Tencor (KLAC)
Today, shares of Kla-Tencor (NASDAQ:KLAC) have fallen below their 10-day MA of $73.08 on a volume of 233K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.
Over the past year, Kla-Tencor has traded in a range of $44.95 to $75.17 and is now at $72.97, 62% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.4% while the 200-day MA has risen 0.6%.
SmarTrend recommended that subscribers consider buying shares of Kla-Tencor on March 15th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $69.59. Since that recommendation, shares of Kla-Tencor have risen 5.3%. We continue to monitor KLAC for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: moving crosses kla-tencor