KLA-Tencor Corp. (NASDAQ: KLAC) shares rose in early trading today on lower trade volume than normal after a number of analysts weighed in on the investing value of the stock and reiterated thier respective ratings.
Analysts at Credit Suisse Group AG reiterated a Focus List rating on shares of KLA-Tencor Corp. (NASDAQ: KLAC) in a reserach note to investors, making it one of the more actively watched stocks on Wall Street. The company currently has a rating of Focus List on the shares. A number of other analysts have spoken on the company in recent days, and KLA-Tencor Corp. has earned a consensus one-year price target of $76.00, higher than the opening price of $69.95, a difference of 10.83 percent. KLA-Tencor Corp. stock has a 52-week high of $77.85. Typically, after analysts issue a “reiterated rating” report on a stock, they will subsequently issue sporadic updates, usually followed by a price target change.
Meanwhile, US stock opened lower amid concerns surrounding the U.S. Department of Justice’s probe into Deutsche Bank AG.
The S&P 500 SPX, -0.25% slipped 5 points, or 0.2%, to 2,162.
The Dow industrials DJIA, -0.26% fell 55 points, or 0.3%, to 18,252.
The Nasdaq Composite COMP, -0.11% was off 13 points, or 0.3%, to 5,298
Shares of KLA-Tencor Corp. (NASDAQ: KLAC) opened at $69.95 yesterday and traded in a range between, $69.75 and $70.98, and last traded at $70.20, which represents an increase of $0.49 or 0.01 compared to the previous closing price.
KLA-Tencor Corp. (NASDAQ: KLAC) currently has a market cap of 10.95B.
KLA-Tencor Corp.Trading Volume
348,439 shares crossed the trading desk yesterday, below normal, out of a total float 155,608,000. Trading volume is likely to increase in the next few days as momentum traders often use swings in trading volume to identify heavy volume accumulation or circulation by institutional investors.
While an increase in trading for short periods will not mean much, conversely, a trend of heavy trading volume on the buy side over a series of days or weeks delivers a positive cue to market traders that institutions may be moving in, so institutional sponsorship is critical.
Institutional sponsorship is defined by ownership of a stock by mutual funds, banks, pension funds and other large institutions.
These professional investors retain teams of analysts researching thousands of stocks. Thus, watching their interests is a good way to make sure you are buying the right stocks.
KLA-Tencor Corp. Moving Averages
A moving average can also act as support or resistance. In an uptrend a 50-day, 100-day or 200-day moving average may act as a support level, as shown in the figure below.
This is because the average acts like a floor (support), so the price bounces up off of it.
In a downtrend a moving average may act as resistance; like a ceiling, the price hits it and then starts to drop again.
By identifying trends, moving averages allow investors to make those trends work in their favor and increase the number of successful trades.
Trades for KLA-Tencor Corp. (NASDAQ: KLAC) have ranged from $50.53 – 77.8500, and the stock now has a 50-day MA of $69.43 and 200-day MA of $71.78. Today’s last price is 0.10% under the 52 week high of $77.85.
Indeed, earnings growth is among the most crucial things to look at in regards to stock investing and, accordingly, investors identify companies that have raised their earnings by at least 25% for the past 3 years.
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