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After Yesterday's Rally of 2.45% Shares Could Potentially Pullback

By Amy Schwartz

Kla-Tencor Corp (NASDAQ:KLAC) traded in a range yesterday that spanned from a low of $92.96 to a high of $94.79. Yesterday, the shares gained 2.5%, which took the trading range above the 3-day high of $92.93 on volume of 553,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

SmarTrend recommended that its subscribers protect gains by selling shares of Kla-Tencor Corp on June 12th, 2017 by issuing a Downtrend alert when the shares were trading at $100.02. Since that call, shares of Kla-Tencor Corp have fallen 7.5%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

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 $94.39, which is 41% 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%.

Keywords: rebounders kla-tencor corp

Ticker(s): KLAC