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

By James Quinn

Today, shares of Kla-Tencor Corp (NASDAQ:KLAC) have fallen below their 10-day MA of $116.36 on a volume of 573K 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, shares of Kla-Tencor Corp have traded between a low of $66.88 and a high of $123.96 and are now at $113.73, which is 70% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.3% while the 200-day MA has risen 0.2%.

SmarTrend recommended that subscribers consider buying shares of Kla-Tencor Corp on July 18th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $109.14. Since that recommendation, shares of Kla-Tencor Corp have risen 7.0%. 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