The IBD SmartSelect Composite Rating for Advanced Energy Inds rose from 94 to 96 Thursday.
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The new rating is a sign the stock is outpacing 96% of all stocks when it comes to the most important stock-picking criteria.
Advanced Energy Inds is now out of buy range after breaking out from a 121.32 entry in a cup with handle.
One weak spot is the company's 76 EPS Rating, which tracks quarterly and annual earnings-per-share growth. Look for that to improve to 80 or better to show it's in the top 20% of all stocks.
Its Accumulation/Distribution Rating of A- shows heavy buying by institutional investors, such as mutual funds and pension funds, over the last 13 weeks.
In Q1, the company reported 112% earnings growth. That marks two straight quarters of rising EPS gains. Revenue growth increased 24%, up from 2% in the prior report. That marks four quarters of increasing revenue gains.
Advanced Energy Inds earns the No. 4 rank among its peers in the Electronics-Semiconductor Equipment industry group. KLA is the top-ranked stock within the group.
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