Shares of KLA Corp (KLAC) are hitting a major trend line of resistance. After a 60% surge from its 2020 lows, there is a massive semiconductor strong sell signal on KLA Corp. At a current price of $167.60, this stock is likely ready to collapse back to $147.00. This gives investors and swing traders a near-term trading opportunity. The semiconductor strong sell signal is a classic setup that smart technical traders are always looking for.
KLA Corp is just one of many semiconductor stocks that have surged higher off the March 2020 lows. Generally, the whole sector is a semiconductor strong sell and I am short the semi’s on that basis. As we enter earnings season, in my humble opinion, investors will watch these semiconductor strong sell signals play out to the downside.
A net gain of 803.33% through April 28th, 2020 is a reality for members of Verified Investing Alerts. For investors who are sick of losing money as the markets whip due to the COVID-19, swing trading technical chart setups using the PPT Methodology is easy and insanely profitable. Swing trading using these methods allows smart investors to jump in at key levels and out for 10%+ gains in days. Master Trader Gareth Soloway has guided his members, actively swing trading stocks, using key technical levels for multiple profits of 10% almost every day (yesterday 3 winners of over 10% each). With the action in the equity markets, members are getting multiple trades a day (on average). See the VERIFIED track record HERE (scroll down on the page). Gareth consults for hedge funds but still helps average investors swing trade. Members get exact entry prices, stops, targets and daily videos that analyze the market, stock and current positions. The second Master Trader Gareth Soloway buys/sells a stock, members get a text/email alert to get them in/out of the trade in seconds. Join today and profit for life!