KLIC had been consolidating sideways for much of 2013, but a favorable Barron’s article over the weekend triggered buyers and a high volume breakout above the recent trading range.
KLIC weakened a bit on Tuesday.
Tom’s Take: We like entry at two levels, the first at the top of gap support at $12.80 and the second at price support at $12.48. Consider a closing stop beneath the bottom of gap support at $12.09, while our initial target would be $14.50.
— Tom Bowley, Invested Central
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