KLAC Coils in TTM Squeeze at $1279.60, Breakout Imminent
NeutralKLA Corp (KLAC) closed up 0.21% at $1279.60 on December 29.
Technical indicators paint a bullish picture:
Moving Averages
Price trades above the 9-day EMA ($1250.79) with a bullish stack. The 21-day EMA at $1227.34 provides support.
Momentum
RSI at 63.2 is in neutral territory but trending higher. MACD is bullish (27.15 vs signal 22.13).
Volatility
Stock has been in a TTM Squeeze for 7 days, indicating compressed volatility and potential for a significant move.