KLA Tencor (KLAC) Bullish Channel Breakout
Kla Tencor (KLAC) bullish setup with shares moving back above monthly VPOC yesterday as well as clearing the 8- and 21-EMA and forming a narrow weekly channel below recent highs. A move above $420 has room to run to $460-$465. KLAC has been a relative strength name since the March 2020 lows and breakout higher a nice continuation of the long-term trend.