Long Position on ICHR @ $19.00 on 3/21/2017 (Momentum)

Ichor Holdings, Ltd. (ICHR) engages in the design, engineering, and manufacture of fluid delivery subsystems for semiconductor capital equipment in the United States, the United Kingdom, Singapore, and Malaysia.

It primarily offers gas and chemical delivery subsystems that are used in the manufacturing of semiconductor devices.

The company's gas delivery subsystems deliver, monitor, and control gases used in semiconductor manufacturing processes, such as etch and deposition; and chemical delivery subsystems blend and dispense the reactive liquid chemistries used in semiconductor manufacturing processes comprising electroplating and cleaning. It also manufactures components for fluid delivery systems.

Shares of this recent IPO have formed a bullish "cup and handle" and higher share prices are expected for this stock. 

52-Weeks Trading Range: $9.76 - $19.39

Entry Point: $19.00

Stop Loss: $18.00

Target Price: $20.90

Updates

4/17/2017 11:39:36 AM

ICHR closed at $17.28

Position closed on 4/17/2017 at price of $17.28 with a -9.05% loss in 27 days.

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