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Shares of Kla-Tencor Corp Rise Above Previous 52-Week High

By Shiri Gupta

Shares of Kla-Tencor Corp (NASDAQ:KLAC) traded at a new 52-week high today of $134.28. So far today approximately 331,000 shares have been exchanged, as compared to an average 30-day volume of 1.4 million shares.

KLA-Tencor Corporation manufactures yield management and process monitoring systems for the semiconductor industry. The Company's systems are used to analyze product and process quality at critical steps in the manufacture of circuits and provide feedback so that fabrication problems can be identified. KLA-Tencor operates sales, service, and application centers worldwide.

In the past 52 weeks, shares of Kla-Tencor Corp have traded between a low of $80.65 and a high of $134.28 and are now at $133.80, which is 66% above that low price. The 200-day and 50-day moving averages have moved 0.62% higher and 0.43% higher over the past week, respectively.

Kla-Tencor Corp (NASDAQ:KLAC) defies analysts with a current price ($133.80) 1.8% above its average consensus price target of $131.33. The stock should find initial support at its 50-day moving average (MA) of $113.09 and further support at its 200-day MA of $106.62.

SmarTrend recommended that subscribers consider buying shares of Kla-Tencor Corp on June 7th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $108.89. Since that recommendation, shares of Kla-Tencor Corp have risen 21.2%. We continue to monitor KLAC for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows kla-tencor corp

Ticker(s): KLAC