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Watch for Entegris Inc to Potentially Pullback After Gaining 2.02% Yesterday

By Amy Schwartz

Entegris Inc (NASDAQ:ENTG) traded in a range yesterday that spanned from a low of $45.65 to a high of $46.57. Yesterday, the shares gained 2.0%, which took the trading range above the 3-day high of $45.74 on volume of 401,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, Entegris Inc share prices have been bracketed by a low of $23.39 and a high of $46.57 and are now at $46.26, 98% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.2% while the 200-day MA has risen 1.0%.

SmarTrend recommended that subscribers consider buying shares of Entegris Inc on June 11th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $37.24. Since that recommendation, shares of Entegris Inc have risen 22.1%. We continue to monitor ENTG for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders entegris inc

Ticker(s): ENTG