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Is Kulicke (KLIC) Ready to Breakout?

Zacks Equity Research

Are you a technical investor? If so, it may be time to consider Kulicke and Soffa Industries Inc. (KLIC) for your portfolio. The company just saw its 50 Day Moving Average breakout above its 200 Day Simple moving average, a trend that could indicate some bullishness in the future for KLIC.

This trend may have already begun, as shares of KLIC have moved by higher by 16.1% in just the past month. Plus, KLIC has earned itself a Zacks Rank #1 (Strong Buy), so there is plenty of reason to believe that the run for Kulicke has plenty of life left.

KULICKE & SOFFA IND INC (KLIC): Free Stock Analysis Report

Zacks Investment Research