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Kla-Tencor Corp Rises 1.65% on Heavy Volume: Watch For Potential Pullback

By David Diaz

Kla-Tencor Corp (NASDAQ:KLAC) traded in a range yesterday that spanned from a low of $118.99 to a high of $119.74. Yesterday, the shares gained 1.6%, which took the trading range above the 3-day high of $118.22 on volume of 798,000 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 subscribers consider buying shares of Kla-Tencor Corp on January 7th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $92.04. Since that recommendation, shares of Kla-Tencor Corp have risen 27.3%. We continue to monitor KLAC for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Kla-Tencor Corp share prices have moved between a 52-week high of $123.96 and a 52-week low of $80.65 and are now trading 48% above that low price at $119.12 per share. The 200-day and 50-day moving averages have moved 0.06% higher and 2.25% higher over the past week, respectively.

Keywords: rebounders kla-tencor corp

Ticker(s): KLAC