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Kla-Tencor Corp Falls 4.08% on Heavy Volume: Watch For Potential Rebound

By Shiri Gupta

Kla-Tencor Corp (NASDAQ:KLAC) traded in a range yesterday that spanned from a low of $166.67 to a high of $170.87. Yesterday, the shares fell 4.1%, which took the trading range below the 3-day low of $173.85 on volume of 838,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

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.

Kla-Tencor Corp share prices have moved between a 52-week high of $184.50 and a 52-week low of $101.34 and are now trading 68% above that low price at $169.87 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.7% while the 200-day MA has risen 0.8%.

Keywords: rebounders kla-tencor corp

Ticker(s): KLAC