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News Breaks
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November 3, 2009
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| 10:59 EDT |  | KLAC |
| theflyonthewall.com: | KLA-Tencor has an important test of support at the $30 level | | The big level of importance for the stock is at the $30 area. There is a pattern somewhat akin to a reversed and inverted cup and handle, bearish, that is currently active. The first objective for that pattern is at $30. An additional feature on the chart is the bearish crossing today of the 10-day and 50-day moving averages. In some technical trading systems, this is a confirmed sell signal. Support levels to watch as potential downside objectives are at $31, $30.46, $29.66. Resistance is currently at $32.07. :theflyonthewall.com |
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