(NASDAQ:KLAC) jumped higher in early trading, only to give it all up by the market close. This reversal took place at all-time
highs, forming a technical analysis
based topped tail. Topping tails are extremely bearish
reversal signals. This likely alerts investors to a major reversal taking place in KLA-Tencor
and significant downside in the coming days. Investors should be shorting, buying puts or in the very least selling long positions.
Stock chart bearish
topping tail on KLA-Tencor Corp