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Cabot Microelec Up 19.9% Since SmarTrend Uptrend Call (CCMP)

By Nick Russo

SmarTrend identified an Uptrend for Cabot Microelec (NASDAQ:CCMP) on December 28th, 2018 at $93.55. In approximately 3 months, Cabot Microelec has returned 19.90% as of today's recent price of $112.16.

Over the past year, Cabot Microelec has traded in a range of $82.24 to $123.76 and is now at $112.16, 36% above that low. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 1.5%.

Cabot Microelectronics Corporation supplies slurries used in chemical mechanical planarization, a polishing process used in the manufacture of integrated circuit devices. The slurries are liquids containing abrasives and chemicals that enhance the polishing process. The polishing process itself facilitates the manufacture of smaller, faster, and more complex integrated circuit devices.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of Cabot Microelec shares.

Log in and add Cabot Microelec (CCMP) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.

Keywords: spotlights cabot microelec

Ticker(s): CCMP