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),
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