$KLAC Pennant Pattern / VCP

KLA Reported earnings On Jan 26 and beat estimates by $0.30 and guided revenues higher. They did guide earnings lower than expected. As a result the stock has moved around quite a bit since then. But now it looks to me that we have both a Pennant Pattern and a VCP pattern. Of course, it can break either way. I’ll be looking to go long if it can break above the pennant.

Ideas, not investing / trading advice.

From earningswhispers.com
K L A-Tencor Beats
K L A-Tencor (KLAC) reported 2nd Quarter December 2022 earnings of $7.38 per share on revenue of $3.0 billion. The consensus earnings estimate was $7.08 per share on revenue of $2.8 billion. The Earnings Whisper number was $7.28 per share. Revenue grew 26.8% on a year-over-year basis.

The company said it expects third quarter earnings of $4.52 to $5.92 per share on revenue of $2.20 billion to $2.50 billion. The current consensus earnings estimate is $5.83 per share on revenue of $2.54 billion for the quarter ending March 31, 2023.

KLA-Tencor Corp is a supplier of process control and yield management solutions for the semiconductor and related nanoelectronics industries.