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Upgrade Alert for Kla-Tencor (KLAC)

By James Quinn

Kla-Tencor (NASDAQ:KLAC) was upgraded from Neutral to Outperform at Credit Suisse today. The stock closed yesterday at $69.03 on volume of 1.1 million shares, above average daily volume of 824,000.

Kla-Tencor (NASDAQ:KLAC) defies analysts with a current price ($69.03) 4.2% above its average consensus price target of $66.11. The stock should find resistance at its 50-day moving average (MA) of $70.79, as well as support at its 200-day MA of $62.58.

KLA-Tencor Corporation manufactures yield management and process monitoring systems for the semiconductor industry. The Company's systems are used to analyze product and process quality at critical steps in the manufacture of circuits and provide feedback so that fabrication problems can be identified. KLA-Tencor operates sales, service, and application centers worldwide.

In the past 52 weeks, Kla-Tencor share prices have been bracketed by a low of $44.95 and a high of $77.85 and closed yesterday at $69.03, 54% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.6% while the 50-day MA has advanced 0.4%.

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

Keywords: analyst upgrades/downgrades kla-tencor

Ticker(s): KLAC