KLA-Tencor stock: buy or sell
Apr 22nd, 2021
KLA-Tencor stock brief
- KLA-Tencor stock skyrocketed 4.04% to close at $331.79 on the stock market on Wednesday, and broke a streak of 3 sessions in red.
- Price is drawing a scaled uptrend since early March with higher tops and higher bottoms. Up to date, the uptrend marked a 21.43% profit since the beginning of this rally
- KLA Corporation designs, manufactures, and markets process control and yield management solutions for the semiconductor and related nanoelectronics industries worldwide.
Should I buy KLA-Tencor stock?
Even if you are a experienced or a novel trader, best trading results come from using an investing strategy that never leaves to random or subjective opinions when is the best moment to buy or sell stocks. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best
Is $KLAC stock a buy?
Currently, KLA-Tencor stock matches one trading strategy:
Uptrend buy setup
KLA-Tencor stock is in an uptrend since in early March that so far has marked an amazing 21.00% gain. Price marked a pull back in this uptrend at $317.78 on Tuesday, and since then it bounced off a 4.41%. Now, it's just 8.41% away from breaking out above its last top and resume the uptrend. The new entry point is therefore at $359.69. If you decide to enter this trade, the suggested stop loss is at $323.72
|Buy setup||Buy point||Stop loss||Risk|
|Uptrend buy setup||$359.69||$323.72||10.00%|
Should I sell KLA-Tencor stock?
Knowing when to sell a stock is even more difficult than knowing when to buy it. Trading strategies give us the ability us to avoid rash decisions based on our personal moods or the buzz surrounding the market. When selling, as well as buying, detailed strategies are very simple to follow but are only valid for selling stocks you already own, not for selling short KLA-Tencor stock
As a rule of thumb, you should not mantain an open trade that results in higher than expected losses upon the buy. The timing to sell your stock should always be ruled by the stop-loss (automatic or manual)
Is it time to sell KLA-Tencor stock?
In the current situation of KLA-Tencor there is not any eligible sell setup, so KLA-Tencor stock holders with operations in green can keep their positions
In the last 30 days, just one rating was published for KLA-Tencor
|Apr 16th, 2021|
|Deutsche Bank Aktiengesellschaft||Neutral|
KLA-Tencor stock analysis
KLA-Tencor shares started an uptrend in early March, and grew a gorgeous 21.43%. Rising peaks and troughs can be seen easily on a chart and how price action gave very few entry points on the breakouts. Latest pullback was on Tuesday, when price bounced at $317.78. Currently, it trades in a consolidation between its last top ($359.69) and its last bottom ($317.78)
Supports and resistances
The current resistance levels are:
The current supports are:
Relative strength index
When the stays for so long below 70 and above 30, without any indication of overvaluation and undervaluation, the indicator turns out to be of little use, and we currently are in one of these situations.
KLA-Tencor stock price history
KLA-Tencor started trading on Oct 8th, 1980 at $0.00 per share1. Since then, KLAC stock surged by -, with an average of 0.00% per year. If you had invested $1,000USD in KLA-Tencor stock on the IPO, it would have a value of $inf today.
1: Adjusted price after possible price splits or reverse-splits
Price target for KLA-Tencor stock
How much a stock will be priced tomorrow or next week is quite unpredictable. Banks and financial organisations post their analysis forecasting how a stock will performance in the future.
Along with buy or sell recommendations, brokerage institutions publish their price target based on the stock price action and the company fundamental data. Most of these estimates follow the publication of new fundamental data by the company, and many times. Again, these forecasts are not direct recommendations for small traders and must not be followed blindly.
There is just one price target available for KLA-Tencor that forecasts a price of $330.00.
|Brokerage firm||Price target|
|Apr 16th, 2021|
|Deutsche Bank Aktiengesellschaft||$310.00 → $330.00|
Earnings and financials
Last February, KLA Corporation ($KLAC) reported adjusted EPS for that matched analysts' expectations. Quarterly EPS was $3.24 per share instead of $3.19. The company said revenue for this quarter was $1.7 billion consistent with analysts' forecasts as well.For comparison, the EPS for the same quarter last year was $2.66, so reported EPS is a improvement of 21.80%. Looking at turnover, figures grew a 9.37% compared to $15.1B year over year.
KLA-Tencor ($KLAC) is posting earnings report next Tuesday. Expected for this quarter is $3.59, compared to $3.24 that was reported for Q2.
Please read:The viewpoints expressed in this post are personal and should not be followed as recommendations for you to buy or sell shares. The author of this document does not know the individual scenarios of the reader, his or her financial statements or what is in his or her best interest at any given time. All users should speak with their financial advisor before buying or selling any securities Thoughts are expressed for educative motives only
|Wednesday, April 21st, 2021|
|Day range||$319.57 - $332.22|
|Average true range||$14.31|
|50d mov avg||$316.92|
|100d mov avg||$295.34|
|200d mov avg||$249.25|
|Earnings date||May 4th, 2021|