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After Yesterday's Rally of 1.77% Shares Could Potentially Pullback

By Nick Russo

Kla-Tencor Corp (NASDAQ:KLAC) traded in a range yesterday that spanned from a low of $111.38 to a high of $113.93. Yesterday, the shares gained 1.8%, which took the trading range above the 3-day high of $111.78 on volume of 505,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

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.

In the past 52 weeks, Kla-Tencor Corp share prices have been bracketed by a low of $66.88 and a high of $123.96 and are now at $112.99, 69% above that low price. The 200-day and 50-day moving averages have moved 0.56% higher and 0.41% higher over the past week, respectively.

Keywords: rebounders kla-tencor corp

Ticker(s): KLAC