• Return to Headlines

Kla-Tencor Bearish Moving Average Crossover Alert (KLAC)

By James Quinn

Today, shares of Kla-Tencor (NASDAQ:KLAC) have fallen below their 10-day MA of $76.24 on a volume of 2.0 million 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.

In the past 52 weeks, Kla-Tencor share prices have been bracketed by a low of $44.95 and a high of $77.85 and are now at $71.97, 60% above that low price. The 200-day and 50-day moving averages have moved 0.56% higher and 0.41% higher over the past week, respectively.

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 11.2%. 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

Ticker(s): KLAC