• Return to Headlines

Kla-Tencor Corp Looks to Continue to Trade Above its Annual-High Share Price Today

By Nick Russo

Kla-Tencor Corp (NASDAQ:KLAC) traded today at a new 52-week high of $167.95. This new high was reached on below average trading volume as 229,000 shares traded hands, while the average 30-day volume is approximately 1.6 million shares.

Over the past year, Kla-Tencor Corp has traded in a range of $80.65 to $167.95 and is now at $163.42, 103% above that low. Over the past week, the 200-day moving average (MA) has gone up 0.9% while the 50-day MA has advanced 1.2%.

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.

Kla-Tencor Corp (NASDAQ:KLAC) defies analysts with a current price ($163.42) 19.6% above its average consensus price target of $131.33. Kla-Tencor Corp shares have support at the 50-day moving average (MA) of $149.75 and additional support at the 200-day MA of $123.46.

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: 52 week high/lows kla-tencor corp

Ticker(s): KLAC