U.S. markets open in 7 hours 28 minutes
  • S&P Futures

    4,171.25
    +13.50 (+0.32%)
     
  • Dow Futures

    34,366.00
    +110.00 (+0.32%)
     
  • Nasdaq Futures

    13,378.00
    +74.50 (+0.56%)
     
  • Russell 2000 Futures

    2,235.00
    +9.50 (+0.43%)
     
  • Crude Oil

    66.46
    +0.19 (+0.29%)
     
  • Gold

    1,870.90
    +3.30 (+0.18%)
     
  • Silver

    28.64
    +0.36 (+1.28%)
     
  • EUR/USD

    1.2170
    +0.0013 (+0.11%)
     
  • 10-Yr Bond

    1.6400
    0.0000 (0.00%)
     
  • Vix

    19.72
    +0.91 (+4.84%)
     
  • GBP/USD

    1.4169
    +0.0031 (+0.22%)
     
  • USD/JPY

    109.1440
    -0.0560 (-0.05%)
     
  • BTC-USD

    45,458.55
    +1,271.51 (+2.88%)
     
  • CMC Crypto 200

    1,265.66
    +67.74 (+5.66%)
     
  • FTSE 100

    7,032.85
    -10.76 (-0.15%)
     
  • Nikkei 225

    28,449.08
    +624.25 (+2.24%)
     
  • Oops!
    Something went wrong.
    Please try again later.

MKS Instruments Breaks Out

  • Oops!
    Something went wrong.
    Please try again later.

MKS Instruments cleared a double-bottom base buy point (at least intraday). MKS had been in a bidding war for laser maker Coherent.

Video Transcript

- And next let's take a look at today's stock of the day, which was MKS I. So what's going on within MKS I here and this double bottom base?

- Oh, a couple of things. This one, MKS, was in this bidding war with a bunch of other companies for a laser maker coherent, and it seems like they've given up. And so I think that was a negative that's off the table now, and this stock has bounced back. I mean, it bounced back really quickly. A lot of other stocks-- and we'll look at another one soon-- they haven't really come back quickly.

This one had pretty violent little volatile moves, but it's back now. The volume came in, finally. It wasn't actually that strong, I think, for a while, but it came in at the end of day, so it was at least was above average. It came off its highs, but did close above the buy point. I mean, it's like that was pretty high in its range, a lot better than the NASDAQ. And the fact that a lot of other chip stocks are doing well, maybe not as real as this one today, but that also can give you a confidence.

- And strong quarterly numbers as of late and it also comes from a strong industry group. So it seems like a lot of chip stocks in focus right now.

- Yeah, all of a sudden, they sort of popped up. I mean, they didn't break down that much, and so then you get a strong rally. They're starting to come into play. Some of them were a little disappointing with the closers, but, again, just have just a strong NASDAQ, more of a tailwind, and then a lot of those might start flashing buy signals as well.

- All right, a group to keep an eye on for sure.