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Look for Shares of Kla-Tencor Corp to Potentially Rebound after Yesterday's 2.45% Sell Off

By Shiri Gupta

Kla-Tencor Corp (NASDAQ:KLAC) traded in a range yesterday that spanned from a low of $113.21 to a high of $116.26. Yesterday, the shares fell 2.4%, which took the trading range below the 3-day low of $115.62 on volume of 1.1 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, shares of Kla-Tencor Corp have traded between a low of $66.88 and a high of $123.96 and are now at $113.83, which is 70% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.3% while the 200-day MA has risen 0.2%.

SmarTrend recommended that subscribers consider buying shares of Kla-Tencor Corp on July 18th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $109.14. Since that recommendation, shares of Kla-Tencor Corp have risen 7.0%. We continue to monitor KLAC for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders kla-tencor corp

Ticker(s): KLAC