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Kla-Tencor Corp Set to Possibly Pullback After Yesterday's Rally of 2.06%

By Nick Russo

Kla-Tencor Corp (NASDAQ:KLAC) traded in a range yesterday that spanned from a low of $160.98 to a high of $160.98. Yesterday, the shares gained 2.1%, which took the trading range above the 3-day high of $159.64 on volume of 342,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

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 $160.43, 58% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.7% while the 200-day MA has risen 0.5%.

SmarTrend recommended that subscribers consider buying shares of Kla-Tencor Corp on April 7th, 2020 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $150.76. Since that recommendation, shares of Kla-Tencor Corp have risen 5.8%. 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