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Watch for Kla-Tencor Corp to Potentially Pullback After Gaining 7.78% Yesterday

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.

Kla-Tencor Corp share prices have moved between a 52-week high of $184.50 and a 52-week low of $101.34 and are now trading 66% above that low price at $167.74 per share. Over the last five market days, 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