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SmarTrend Watching for Potential Rebound in Shares of Kla-Tencor Corp After 4.08% Loss

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.

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. The 200-day and 50-day moving averages have moved 0.81% higher and 0.71% higher over the past week, respectively.

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.

Keywords: rebounders kla-tencor corp

Ticker(s): KLAC