Aehr Test Systems saw a welcome improvement to its Relative Strength (RS) Rating on Wednesday, rising from 89 to 92.
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This unique rating measures technical performance by showing how a stock's price action over the last 52 weeks compares to that of the other stocks in our database.
Decades of market research shows that the stocks that go on to make the biggest gains tend to have an 80 or higher RS Rating in the early stages of their moves.
While it's not currently an ideal time to jump in, see if the stock manages to establish and enter a buying range in heavy trade.
Aehr Test Systems saw both earnings and sales growth rise last quarter. Earnings-per-share increased from -91% to 0%. Revenue rose from -37% to 142%. The next quarterly results are expected on or around Jul. 8.
The company earns the No. 4 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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