Kla-Tencor Crosses Above its 10-day MA (KLAC)
Kla-Tencor (NASDAQ:KLAC) crossed over its 10-day moving average of $72.37 on a volume of 1.6 million shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.
Over the past year, Kla-Tencor has traded in a range of $44.95 to $77.85 and is now at $74.35, 65% above that low. Over the past week, the 200-day moving average (MA) has gone up 0.6% while the 50-day MA has advanced 0.4%.
SmarTrend is monitoring the recent change of momentum in Kla-Tencor. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Kla-Tencor in search of a potential trend change.
Keywords: moving crosses kla-tencor