One important metric to look for in a stock is an 80 or higher Relative Strength Rating. Entegris just hit that mark, with a jump from 79 to 83 Wednesday.
IBD's proprietary RS Rating identifies market leadership by showing how a stock's price movement over the last 52 weeks measures up against that of other stocks on the major indexes.
Over 100 years of market history reveals that the top-performing stocks typically have an RS Rating north of 80 as they launch their biggest runs.
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Entegris is working on a consolidation with a 146.91 entry. See if it can break out in heavy volume. Keep in mind that it's a later-stage consolidation, and those entail more risk.
Earnings growth rose in the company's latest report from -22% to 5%, but sales fell from -14% to -16%. The company is expected to report its latest performance numbers on or around Jul. 25.
The company earns the No. 14 rank among its peers in the Electronics-Semiconductor Equipment industry group. ACM Research Cl A, Onto Innovation and Veeco Instruments are among the top 5 highly rated stocks within the group.
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