• Return to Headlines

Look for Shares of Kla-Tencor Corp to Potentially Pullback after Yesterday's 7.78% Rise

By David Diaz

Kla-Tencor Corp (NASDAQ:KLAC) traded in a range yesterday that spanned from a low of $158.46 to a high of $166.57. Yesterday, the shares gained 7.8%, which took the trading range above the 3-day high of $160.68 on volume of 799,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

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.

In the past 52 weeks, shares of Kla-Tencor Corp have traded between a low of $101.34 and a high of $184.50 and are now at $167.74, which is 66% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has declined 0.3%.

Keywords: rebounders kla-tencor corp

Ticker(s): KLAC