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KLA Stock Breaks Falling Channel as $187 Pivot Becomes the Next Test

KLA Stock Breaks Falling Channel as $187 Pivot Becomes the Next Test

TradingKey – KLA opens at $185.60, a 7.32% increase from the previous close and almost matching the $185.57 clip reference. The stock has broken out of a multi-week falling trendline, but is now encountering resistance in the $186.93-$187.81. Here, the price is meeting horizontal resistance, a pivot point, and a declining moving average. The fundamentals also look good. Fiscal Q4 hit $3.66 billion and Q1 guidance points to faster growth. Current AI-based spending in leading edge logic and advanced packaging is taking an increasing interest in KLA’s process control offerings.

Q4 Revenue Reached $3.66 Billion

KLA reported fiscal Q4 revenue of $3.658 billion versus $3.415 billion in Q3 and $3.175 billion in the prior year. GAAP net income…

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