KLA-Tencor Cracks

KLA-Tencor (KLAC) is the weakest link in the semi-equipment/materials sector today. The stock is off more than 4% on very heavy trade after opening the session with a steep gap lower. Negative news from Samsung sparked a wave of premarket selling that pushed KLAC below major support at the bell.

KLA-Tencor (KLAC) Source: TradeStation View Chart » View in New Window »

This is the second breakdown-type move the stock has suffered in the last four weeks. On Aug. 28, a downgrade from Deutsche Bank sent shares 3% lower on heavy trade following an ugly gap-lower open. KLAC has been struggling since while tracing out a bearish flag. Today's powerful breakdown has left behind layers of overhead supply and puts shares on track for further downside....117 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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