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After Yesterday's Rally of 1.41% Shares Could Potentially Pullback

By James Quinn

Kla-Tencor Corp (NASDAQ:KLAC) traded in a range yesterday that spanned from a low of $91.37 to a high of $92.73. Yesterday, the shares gained 1.4%, which took the trading range above the 3-day high of $91.85 on volume of 546,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, shares of Kla-Tencor Corp have traded between a low of $66.88 and a high of $109.59 and are now at $91.70, which is 37% above that low price. 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 Corp. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Kla-Tencor Corp in search of a potential trend change.

Keywords: rebounders kla-tencor corp

Ticker(s): KLAC