Kla-tencor $KLAC Technical Update – Stock Traders Daily

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Kla-tencor $KLAC Technical Update

The Kla-tencor (NASDAQ: KLAC) update and the technical summary table below can help you manage risk and optimize returns. We have day, swing, and longer-term trading plans for KLAC, and 1300 other stocks too, updated in real time for our trial subscribers. The data below is a snapshot, but updates are available now.

Review the Trading Plans:

Technical Summary

Term → Near Mid Long
Bias Weak Neutral Neutral
P1 109.92 106.14 99.53
P2 114.21 116.33 111.45
P3 119.19 126.46 123.18

Long Term Trading Plans for KLAC

September 6, 2018, 3:15 pm ET

The Technical Summary and Trading Plans for KLAC help you determine where to buy, sell, and set risk controls. The data is best used in conjunction with our Market Analysis and Stock Correlation Filters too, because those help us go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis with this KLAC Report.

KLAC – (Long) Support Plan

Buy over 99.53 target 111.45 stop loss @ 99.27.
The technical summary data tells us to buy KLAC near 99.53 with an upside target of 111.45. This data also tells us to set a stop loss @ 99.27 to protect against excessive loss in case the stock begins to move against the trade. 99.53 is the first level of support below 107.44 , and by rule, any test of support is a buy signal. In this case, support 99.53 would be being tested, so a buy signal would exist.

KLAC – (Short) Resistance Plan

Short under 111.45 target 99.53 stop loss @ 111.71.
The technical summary data is suggesting a short of KLAC as it gets near 111.45 with a downside target of 99.53. We should have a stop loss in place at 111.71 though. 111.45 is the first level of resistance above 107.44, and by rule, any test of resistance is a short signal. In this case, if resistance 111.45 is being tested, so a short signal would exist.

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