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

By Nick Russo

Shares of Kla-Tencor (NASDAQ:KLAC) traded at a new 52-week high today of $95.53. Approximately 89,000 shares have changed hands today, as compared to an average 30-day volume of 824,000 shares.

In the past 52 weeks, shares of Kla-Tencor have traded between a low of $44.95 and a high of $95.53 and are now at $95.25, which is 112% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.4% while the 200-day MA has risen 0.6%.

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.

Based on a current price of $95.25, Kla-Tencor is currently 6.2% above its average consensus analyst price target of $89.31. Kla-Tencor shares have support at the 50-day moving average (MA) of $70.79 and additional support at the 200-day MA of $62.58.

SmarTrend recommended that subscribers consider buying shares of Kla-Tencor on January 23rd, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $81.75. Since that recommendation, shares of Kla-Tencor have risen 15.8%. 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

Ticker(s): KLAC