PSI - Entegris: Clouds Are Gathering Even If The Numbers Suggest All Is Well

• ENTG had lots of reassuring news to share in its Q1 report, including double-digit growth and an upgraded outlook for FY2022.
• ENTG has sold off in recent weeks even though the company appears to be in good shape, and there is a reason for this.
• The chart patterns suggest the stock is at support and the decline should halt, at least temporarily, although support failing is not impossible.
• ENTG looks fine in the long run, but as things stand in the short run, standing on the sidelines looks to be the way to go.

For further details see: