With the chip sector under pressure lately, semiconductor equipment companies such as KLA Corp. have also been sliding. KLAC’s relative strength has been weakening since it peaked near the top of the green zone in the SIA S&P 500 Index Report back in August. Its descent down the rankings has accelerated and yesterday it returned to the Red Unfavored Zone for the first time since May. KLAC currently sits in 255th position, down 81 spots on the day and down 168 places in the last month.
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