KLA-Tencor spikes higher after Taiwan Semi and ASML reports

theflyonthewall.com

The stock is broadly out-performing its peers today, last up over 6.9%. Earlier reports from Taiwan Semi (TSM) and ASML Holdings (ASML) have lit a fire under semiconductor stocks. At the current price of $51.83, resistance is at $52.21. Support is at $50.75, which is the top of a prior bearish gap from September of last year that has now been filled.

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