Tuesday, May 22, 2007

Entegris (ENTG) close to resistance

Entegris (ENTG) engages in the development, manufacture, and supply of materials integrity management solutions to the semiconductor and data storage markets. It offers microenvironment products, including wafer shippers, wafer transport and process carriers, reticle transport and storage products, standard mechanical interface pods, and work-in-process boxes.
Fundament is in favour as P/E is 22 which is average in industry and PBV is only 1.5 which is giving good discount.
Technically there is 3 years resistance at level of $12. I put limit buy order slightly over 12$.


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