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Kla-Tencor Corp Falls 1.37% on Heavy Volume: Watch For Potential Rebound

By James Quinn

Kla-Tencor Corp (NASDAQ:KLAC) traded in a range yesterday that spanned from a low of $164.15 to a high of $168.61. Yesterday, the shares fell 1.4%, which took the trading range below the 3-day low of $165.68 on volume of 840,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, Kla-Tencor Corp share prices have been bracketed by a low of $101.34 and a high of $184.50 and are now at $163.26, 61% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 0.6%.

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