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SmarTrend Watching for Potential Rebound in Shares of Kla-Tencor Corp After 1.37% Loss

By David Diaz

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.

Over the past year, Kla-Tencor Corp has traded in a range of $101.34 to $184.50 and is now at $163.26, 61% above that low. Over the past week, 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