Kulicke & Soffa Becomes Attractive
Following a very steep decline off its May 1 highs, Kulicke & Soffa (KLIC) has reached a low-risk buy area. The semi equipment maker began to settle in near its early 2012 lows last Monday.
This week, conditions have improved while a significant support zone has begun to attract the long-dormant bulls. KLIC began this week with a 5.5% gain on its heaviest upside trade of the year. As the stock comes off an oversold level greater than that of Oct. 4, KLIC is setting up for a healthy rebound....299 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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