Entegris (ENTG)
Greetings from Napa Valley!
I’m here harvesting our first batch of grapes, but wanted to take some time to drop our Chart of the Week!
This comes fresh from our 2 to 100 Report, which scans stocks from $2 billion market cap to around $35 billion, ones that have the potential to become the next $100 billion company.
These include semiconductors and software, not utilities or staples.
This week, that stock is Entegris (ENTG), a US company critical to the semiconductor manufacturing industry.
It’s the right space at the right time, with great relative strength.
ENTG is coming out of a beautiful base that’s been building since March, and once we confirm that the stock is breaking out of that base, we are long in ENTG above $128.
Below that, the base is still consolidating, but above that we have our breakout with a target of $180.
Til next week, good trading (and wine),
JC Parets
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