I like longing Entegris here, we are fast approaching the ERL but within the IRL range and as such I am looking to take a long here to target 131 at the big gapper from February 8th.
First week may provide some boosts with earnings tailwinds but some selling may carry at open. If the first three digits read 120 I am jumping in.
Happy Grazing,
Entegris, Inc. is an American provider of products and systems that purify, protect, and transport critical materials used in the semiconductor device fabrication process. Entegris operates out of its headquarters in Billerica, Massachusetts.
Potential buy/long.
Looking to buy the retest here of the bull flag and take profit at the 1.618 fib. May retest the blue trendline in the future. If it does ill buy there as well.
ENTG was strongly rejected from strong resistance shown on the chart !.
It more than likely has completed wave B of an ABC form of correction which means next down going wave ( Wave C) has been started.
Fibonacci levels and broken down trend line which now acts as resistance have been shown on the chart. This confluence possibly prevented up going counter...
The PEAD projected a Bullish outlook for $ENTG after a Negative Under reaction following its earnings release placing the stock in drift D with an expected accuracy of 50%.
Short (Entry Price) within the sell zone area and exit (Stop Loss) above the red line. Can take profit at the suggested Target Price.
Entry Price: $125.48 /$124.54
Target Price: $123.52 / $121.64
Stop Loss: $127.44
I originally found this stock through a FINVIZ screener. It has awesome Fundamentals And Technical for a buy. But we defintly need to wait for conformation to buy, unless your risky. Earnings is coming in 2 days from now and if the market reacts positively I'd say its definitely time to enter a long term Long Position on this stock.
FA
With a consistently growing...
Entegris indicates a good range bound buffalo pattern. Appears to have EPS avg of 30% over the last 5 years and forecast of 16% in the next Y.
Stop Loss = 127
* Great earnings
* Very strong up trend
* High RS in the tech sector
* Breaking out of a ~5 month consolidation period with higher than average volume (44.18%)
* Max probable ROI is 31.28%
Trade Idea:
* Now would be a great time to enter as the price is still very close to the broken level and volume is very high
* If you're looking for a slight discount you...
Big constructive 5 month base on $ENTG setting up a nice little pivot right about the 50 MA. Could be the point from where it attempts a solid breakout.
Nice recent volume bars and with a breakout of the cup and handle formation may take the price to the previous high area: $113
Potential target: $113
Stop Loss: 20EMA
