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Shares of MKS Instruments Rise Above Previous 52-Week High

By Amy Schwartz

Shares of MKS Instruments (NASDAQ:MKSI) traded at a new 52-week high today of $54.72. Approximately 347,000 shares have changed hands today, as compared to an average 30-day volume of 250,000 shares.

In the past 52 weeks, MKS Instruments share prices have been bracketed by a low of $20.01 and a high of $54.72 and are now at $49.32, 146% above that low price. The 200-day and 50-day moving averages have moved 0.03% higher and 0.76% higher over the past week, respectively.

MKS Instruments (NASDAQ:MKSI) defies analysts with a current price ($49.32) 21.3% above its average consensus 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.

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 33.5%. 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

Ticker(s): MKSI