Advanced Energy Inds saw its IBD SmartSelect Composite Rating rise to 96 Friday, up from 94 the day before.
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The upgrade means the stock is now outpacing 96% of all other stocks in terms of key performance metrics and technical strength.
Advanced Energy Inds is now out of buy range after clearing the 121.32 entry in a cup with handle.
The stock earns an 88 EPS Rating, which means its recent quarterly and annual earnings growth is outpacing 88% of all stocks.
Its Accumulation/Distribution Rating of B shows moderate buying by institutional investors over the last 13 weeks.
The company reported a 76% rise in earnings for Q2. Revenue growth fell to 21%, down from 24% in the previous quarter.
Advanced Energy Inds holds the No. 2 rank among its peers in the Electronics-Semiconductor Equipment industry group. Lam Research is the top-ranked stock within the group.
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