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Kla-Tencor Corp Crosses Above its 10-day MA (KLAC)

By David Diaz

Today, shares of Kla-Tencor Corp (NASDAQ:KLAC) have advanced above their 10-day MA of $119.79 on a volume of 142K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, Kla-Tencor Corp share prices have been bracketed by a low of $80.65 and a high of $124.68 and are now at $120.53, 49% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.6% while the 200-day MA has remained constant.

SmarTrend recommended that subscribers consider buying shares of Kla-Tencor Corp on January 7th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $92.04. Since that recommendation, shares of Kla-Tencor Corp have risen 29.7%. 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 corp

Ticker(s): KLAC