Continuation
How a stock performs the day before is often a harbinger of things to come.
When a stock gains momentum, it usually does not shut down right away.
KLA-Tencor
(
KLAC |
Quote |
Chart |
News |
PowerRating) from Friday and today, is a good example.
The stock breaks out Friday on an expansion of range and is
talked about throughout the day in the TradersWire
Interactive chat room and in the Insights From the War Room. A
quick look at the daily chart from Friday should have placed KLAC on the radar
for Monday.
KLAC seamlessly forms a pullback after taking out Friday’s high
on the open, then gives its best move of the session.
Learn to take a look at the stocks we profile in
TradersWire Interactive. Since our
goal is to direct you to where the momentum is, these stocks are many times in
good shape to sustain its direction for the short term.
Until tomorrow,