KLA-Tencor (KLAC) just flashed a golden cross.
KLAC bulls were able to break the May swing highs recently.
One scenario is to see if this breakout area turns into major support.
If so then April highs might get targeted by bulls.
The golden cross (technical formation when the 50-day moving average rises above 200-day) can be used as a filter to help narrow down the field. Next, use the Seven Steps to Better Stock Trading to evaluate the sentiment and price action. Better yet, sign up for The Select 20 Stock Picks or use my free Total Indicator for eSignal.