• Return to Headlines

Look for Shares of Kla-Tencor Corp to Potentially Pullback after Yesterday's 1.88% Rise

By Shiri Gupta

Kla-Tencor Corp (NASDAQ:KLAC) traded in a range yesterday that spanned from a low of $174.91 to a high of $177.20. Yesterday, the shares gained 1.9%, which took the trading range above the 3-day high of $175.41 on volume of 388,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Over the past year, Kla-Tencor Corp has traded in a range of $101.34 to $184.50 and is now at $178.57, 76% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has advanced 0.3%.

SmarTrend is tracking the current trend status for Kla-Tencor Corp and will alert subscribers who have KLAC in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders kla-tencor corp

Ticker(s): KLAC