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Watch for Continued Gains in Shares of Mks Instruments (MKSI)

By James Quinn

Shares of Mks Instruments (NASDAQ:MKSI) traded today at $128.28, breaking its 52-week high. Approximately 52,000 shares have changed hands today, as compared to an average 30-day volume of 250,000 shares.

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.

In the past 52 weeks, shares of Mks Instruments have traded between a low of $39.32 and a high of $128.28 and are now at $124.80, which is 217% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.8% while the 200-day MA has remained constant.

There is potential upside of 5.0% for shares of Mks Instruments based on a current price of $124.80 and an average consensus analyst price target of $131.00. The stock should discover initial support at its 50-day moving average (MA) of $36.10 and subsequent support at its 200-day MA of $35.04.

SmarTrend recommended that subscribers consider buying shares of Mks Instruments on January 4th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $100.07. Since that recommendation, shares of Mks Instruments have risen 24.8%. 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