The Relative Strength (RS) Rating for Advanced Energy Inds climbed into a new percentile Thursday, as it got a lift from 69 to 73.
Can You Really Time The Stock Market?
This proprietary rating measures market leadership by using a 1 (worst) to 99 (best) score that indicates how a stock's price performance over the last 52 weeks matched up against all other stocks.
Over 100 years of market history reveals that the market's biggest winners typically have an RS Rating north of 80 in the early stages of their moves. See if Advanced Energy Inds can continue to show renewed price strength and hit that benchmark.
Advanced Energy Inds is trying to complete a cup without handle with a 132.16 buy point. See if it can clear the breakout price in heavy trade.
In terms of fundamentals, Advanced Energy Inds has posted two quarters of increasing earnings growth. Revenue growth has also increased during the same period.
Advanced Energy Inds earns the No. 3 rank among its peers in the Electronics-Semiconductor Equipment industry group. KLA is the No. 1-ranked stock within the group.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
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