Semi Equipment Analysis Message Board

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Technology Stocks : Semi Equipment Analysis

SOXX 314.52

-0.6%

Dec 11 4:00 PM EST

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From: Jacob Snyder	9/29/2011 7:30:45 PM
	2 Recommendations Read Replies (3) of 95572

KLIC chart 1Y: After spending the last 2 months mainly in an 8-9$ range, KLIC today took out the early-August low. It's possible the stock goes back up into that 8-9$ range. It's also possible we are on the verge of another step down, with 8$ as the new resistance. Since the August low, KLIC has come up to the 200dma (now at $9.44) and failed, 3 times. Given current macro and industry conditions, it's highly unlikely KLIC sustains any move over 9$. I've been burned before, holding shorts through earnings season, but I'll take that risk again.

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