Kla-Tencor Crosses Below its 10-day MA (KLAC)
Kla-Tencor (NASDAQ:KLAC) shares have crossed bearishly below their 10-day moving average of $69.55 on a volume of 647K shares. This may provide swing traders with an opportunity 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 $68.92, 53% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.6% while the 50-day MA has advanced 0.4%.
SmarTrend is tracking the current trend status for Kla-Tencor and will alert subscribers who have KLAC in their portfolio or watchlist when shares have changed trend direction.
Keywords: moving crosses kla-tencor