Long Position on NANO @ $24.80 on 12/19/2016 (Momentum)

Nanometrics Incorporated (NANO) provides high-performance process control metrology and inspection systems used primarily the fabrication of integrated circuits, sensors, discrete components, high-brightness LEDs, and data storage devices worldwide.

It offers automated metrology systems that provide optical critical dimension, thin film metrology, and wafer stress for transistor and interconnect metrology applications; and integrated metrology systems that are installed onto wafer processing equipment to provide near real-time measurements.

The company's automated and integrated systems addresses various process control applications, including dimension and film thickness measurement, device topography, and defect inspection, as well as analysis of various other film properties, such as optical, electrical, and material characteristics.

Its process control solutions are deployed in the fabrication process from front-end-of-line substrate manufacturing to high-volume production of semiconductors and other devices, as well as to wafer-scale packaging applications.

The company sells its metrology and inspection systems directly to end customers, as well as to semiconductor manufacturers and producers of high-brightness-LEDs, data storage devices, silicon wafers, solar photovoltaics, and photomasks. 

Shares have formed a bullish "cup and handle" after having rebounded earlier this month from their 50-day moving average. Higher share prices are expected for this stock.

52-Weeks Trading Range: $12.50 - $25.82

Entry Point: $24.80

Stop Loss: $23.60

Target Price: $27.30

Updates

1/23/2017 10:14:53 AM

NANO closed at $25.24

Position closed on 1/23/2017 at price of $25.24 with a 1.77% gain in 35 days.

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