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Chipmaker Entegris Stock Had A Failed Breakout, But Watch To Retake Buy Point

Entegris (ENTG) is trading 3% below the 114.10 buy point from a third-stage consolidation that it cleared earlier. While the chipmaker stock’s earlier breakout failed, watch for an upside reversal and second opportunity at the 114.10 entry.  Read “Looking For The Next Big Stock Market Winners? Start With These 3 Steps” for more tips.

 




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Entegris reported 29% earnings-per-share growth in the latest quarterly report. Sales increased 21%.

Analysts expect earnings growth of 31% for the quarter, and 18% growth for the full year. Annual growth estimates were recently revised higher.

The company has a 98 Composite Rating and holds the No. 8 rank among its peers in the Electronics-Semiconductor Equipment industry group. Applied Materials (AMAT), ASML Hldgs (ASML) and Brooks Automation (BRKS) are among the top 5 highly rated stocks within the group. For more industry news, check out “Chip Stocks And Semiconductor Industry News.”

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