KLA Corp

KLAC remains in a Stage 4 decline with active lower highs and lower lows, confirming a medium-term bearish bias. Price has rallied into the declining 9-, 21-, and 50-day EMAs and was rejected, offering a momentum-driven sell opportunity. No bullish exhaustion signals are evident, and continuation participation aligns with the High Momentum strategy.

• ↑Strong margins—free cash flow margin at 31% on $1.07B FCF.
• ↑Advanced packaging revenue to grow from $635M in 2025 to $1B in 2026.
• ↓P/E of 61.3x far above 5-year median signals overvaluation.