The Relative Strength (RS) Rating for Applied Materials headed into a higher percentile Tuesday, as it got a lift from 67 to 74.
When To Sell Stocks To Lock In Profits And Minimize Losses
IBD's unique RS Rating identifies market leadership by showing how a stock's price action over the last 52 weeks compares to that of the other stocks in our database.
Over 100 years of market history reveals that the top-performing stocks typically have an 80 or higher RS Rating as they begin their largest climbs. See if Applied Materials can continue to rebound and hit that benchmark.
Applied Materials is in a buying range after breaking past a 201.11 entry in a consolidation. Once a stock moves 5% or higher beyond the initial entry, it's considered extended and out of buy range.
Applied Materials saw both earnings and sales growth rise last quarter. Earnings-per-share increased from 14% to 17%. Revenue rose from 7% to 8%.
Applied Materials earns the No. 6 rank among its peers in the Electronics-Semiconductor Equipment industry group. Lam Research, Advanced Energy Inds and ASML Holding are among the top 5 highly rated stocks 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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