Long Position on ENTG @ $47.50 on 9/19/2019 (Momentum)

Entegris, Inc. (ENTG) develops, manufactures, and supplies micro contamination control products, specialty chemicals, and advanced materials handling solutions for manufacturing processes in the semiconductor and other high-technology industries worldwide.

It operates through three segments: Specialty Chemicals and Engineered Materials (SCEM); Microcontamination Control (MC); and Advanced Materials Handling (AMH).

The SCEM segment offers high-performance and high-purity process chemistries, gases, and materials, as well as delivery systems to support semiconductor and other advanced manufacturing processes.

The MC segment provides solutions to filter and purify critical liquid chemistries and gases used in semiconductor manufacturing processes and other high-technology industries.

The AMH segment develops solutions to monitor, protect, transport, and deliver critical liquid chemistries, wafers, and other substrates for application in the semiconductor and other high-technology industries.

The company's customers include semiconductor device manufacturers, semiconductor equipment makers, gas and chemical manufacturing companies, wafer grower companies, and manufacturers of high-precision electronics; and flat panel display equipment makers, materials suppliers and panel manufacturers, and manufacturers of hard disk drive components and devices. It also serves manufacturers and suppliers in the solar and life science industries, electrical discharge machining customers, glass and glass container manufacturers, aerospace manufacturers, and manufacturers of biomedical implantation devices. 

Shares have formed a bullish "cup and handle" and are on the cusp of breaking out of the formation.

Entry Point: $47.50

Trading Range: $23.39 to $48.00

Stop Loss: $45.00

Target Price: $52.25

Updates

10/28/2019 1:35:19 PM

ENTG closed at $49.38

Position closed on 10/28/2019 at price of $49.38 with a 3.96% gain in 39 days.

Back to Portfolio