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Recent 52-Week High Exceeded in Shares of Entegris (ENTG)

By James Quinn

Shares of Entegris (NASDAQ:ENTG) traded today at $24.35, breaking its 52-week high. So far today approximately 129,000 shares have been exchanged, as compared to an average 30-day volume of 396,000 shares.

Entegris Inc. provides materials management products and services to the microelectronics industry on a worldwide basis. The Company provides products such as wafer shippers, wafer transport and process carriers, pods, and work-in-process boxes. Entegris also provides chemical delivery products such as valves, fittings, tubing, pipe, and containers.

Over the past year, Entegris has traded in a range of $10.37 to $24.35 and is now at $24.35, 135% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.8% while the 200-day MA has remained constant.

Entegris (NASDAQ:ENTG) is currently priced 6.2% above its average consensus analyst price target of $22.83. The stock should discover initial support at its 50-day moving average (MA) of $13.18 and subsequent support at its 200-day MA of $13.09.

SmarTrend recommended that subscribers consider buying shares of Entegris on November 11th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $17.60. Since that recommendation, shares of Entegris have risen 35.8%. We continue to monitor ENTG for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows entegris

Ticker(s): ENTG