KLAC breaks below prior session low
Moving lower for the 2nd day in a row, KLAC finished the week -4.48% lower at 114.23 after losing $2.54 (-2.18%) today. Today's closing price of 114.23 marks the lowest close since July 30th. Closing below Thursday's low at 116.62, the share confirms its breakout through the previous session's low having traded $3.41 below it intraday.
Friday's trading range was $3.05 (2.65%), that's slightly below last trading month's daily average range of $3.06. Things look different on a weekly scale, where volatility is below the markets average with the monthly volatility being way above average.
Prices are trading close to a key support level at 112.08. Breaking below the key support level at 114.66 today, it is now likely to act as resistance going forward.
Though still in a long-term downtrend, the short and medium-term trends both turned bullish already.
While classical technical analysis indicates a neutral sentiment for the next trading day, our quantitative statistics show a different picture being bullish.
Market Conditions for KLA-Tencor Corp.
|Down Close Near Low of Period||TQ Pro Members Only|
|3 Consecutive Lower Closes||TQ Pro Members Only|
|Close to S1 Support||TQ Pro Members Only|
|Low close to previous low||TQ Pro Members Only|
|Black Candle||TQ Pro Members Only|
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