Downgrade Alert for Entegris (ENTG)
Entegris (NASDAQ:ENTG) was downgraded from Buy to Neutral at Dougherty today. The stock closed yesterday at $16.87 on volume of 1.5 million shares, above average daily volume of 396,000.
In the past 52 weeks, Entegris share prices have been bracketed by a low of $10.37 and a high of $17.73 and closed yesterday at $16.87, 63% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.8%.
Entegris (NASDAQ:ENTG) is currently priced 5.7% above its average consensus analyst price target of $15.90. 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.
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.
SmarTrend recommended that subscribers consider buying shares of Entegris on February 9th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $12.00. Since that recommendation, shares of Entegris have risen 41.3%. We continue to monitor ENTG for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: analyst upgrades/downgrades entegris