MKS Instruments: 52-Week High Recently Eclipsed (MKSI)
Shares of MKS Instruments (NASDAQ:MKSI) traded today at $44.33, breaking its 52-week high. Approximately 68,000 shares have changed hands today, as compared to an average 30-day volume of 250,000 shares.
MKS Instruments (NASDAQ:MKSI) is currently priced 12.2% above its average consensus analyst price target of $38.83. The stock should find initial support at its 50-day moving average (MA) of $36.10 and further support at its 200-day MA of $35.04.
MKS Instruments, Inc. develops, manufactures, and supplies instruments and components used to control and analyze gases in semiconductor manufacturing and similar industrial manufacturing processes. The Company's products are used to manufacture flat panel displays, magnetic and optical storage devices and media, solar cells, fiber optic cables, and diamond thin films.
MKS Instruments share prices have moved between a 52-week high of $44.33 and a 52-week low of $20.01 and are now trading 121% above that low price at $44.25 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.8% while the 200-day MA has remained constant.
SmarTrend recommended that subscribers consider buying shares of MKS Instruments on March 18th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $35.95. Since that recommendation, shares of MKS Instruments have risen 22.4%. We continue to monitor MKSI for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: 52 week high/lows mks instruments