Long Position on NANO @ $45.20 on 8/14/2018 (Momentum)

Bullish Cup and Handle on $NANONanometrics Incorporated (NANO) provides process control metrology and inspection systems for use primarily in the fabrication of semiconductors and other solid-state 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 materials characterization products include systems that are used to monitor the physical, optical, electrical, and material characteristics of discrete electronic industry, opto-electronic, high brightness LED, solar photovoltaic, compound semiconductor, strained silicon, and silicon-on-insulator devices, including composition, crystal structure, layer thickness, dopant concentration, contamination, and electron mobility.

It also offers NanoDiffract, a modeling, visualization, and analysis software that takes signals from the automated and integrated metrology systems providing critical dimension, thickness, and optical properties from in line measurements; SpectraProbe, a model-less fitting engine that enables fast time to solution for in-line excursion detection and control; NanoGen, an enterprise scale computing hardware system that is deployed to run the computing intensive analysis software; and NanoCentral, a fab based networking and server system providing connectivity and compute support to SpectraProbe and connected measurement systems. 

Shares have broken out of the a bullish "cup and handle" and are expected to continue to rise.

 

Entry Point: $45.20

Stop Loss: $42.95

Trading Range: $22.08 - $45.30

Target Price: $49.72

Updates

2/25/2019 12:05:37 PM

NANO closed at $30.10.

Position closed on 2/25/2019 at price of $30.10 with a -33.41% loss in 195 days.

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