KLA (KLAC) Crossed Above the 20-Day Moving Average: What That Means for Investors
KLA(KLAC) ZACKS·2024-06-06 22:35
From a technical perspective, KLA (KLAC) is looking like an interesting pick, as it just reached a key level of support. KLAC recently overtook the 20-day moving average, and this suggests a short-term bullish trend.The 20-day simple moving average is a popular investing tool. Traders like this SMA because it offers a look back at a stock's price over a shorter period and helps smooth out price fluctuations. The 20-day can also show more trend reversal signals than longer-term moving averages.Similar to oth ...