KLAC breaks below prior session low


KLA-Tencor Corp. (KLAC) Technical Analysis Report for Aug 10, 2018 | by Techniquant Editorial Team

Highlights

KLAC breaks key support level
KLAC closes lower for the 2nd day in a row
KLAC breaks below previous session low
KLAC falls to lowest close since July 30th

Overview

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.

Daily Candlestick Chart (KLAC as at Aug 10, 2018):

Daily technical analysis candlestick chart for KLA-Tencor Corp. (KLAC) as at Aug 10, 2018

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.


Market Conditions for KLAC as at Aug 10, 2018

Loading Market Conditions for KLAC (KLA-Tencor Corp.)...
Trending Assets

Upgrade your trading!

Get the stats behind the charts

Find out what happened when KLA-Tencor Corp. traded like this in the past. See the odds for each technical pattern with expected gain and loss.

Find out more
Top Movers
You have free reports remaining. Subscribe for unlimited access...SUBSCRIBELOGINGO!