On Friday, Advanced Energy Inds earned an upgrade to its Relative Strength (RS) Rating, from 88 to 91.
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This exclusive rating from Investor's Business Daily tracks price performance with a 1 (worst) to 99 (best) score. The score shows how a stock's price behavior over the last 52 weeks compares to all the other stocks in our database.
History shows that the stocks that go on to make the biggest gains tend to have an RS Rating north of 80 at the beginning of a new price run.
Advanced Energy Inds has risen more than 5% past a 121.32 entry in a first-stage cup with handle, meaning it's now out of a proper buy range. Look for the stock to create a new buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week moving average.
Advanced Energy Inds reported 76% earnings growth in its most recent report. Sales increased 21%.
Advanced Energy Inds holds the No. 4 rank among its peers in the Electronics-Semiconductor Equipment industry group. Lam Research is the top-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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