When building your watch list, look for stocks with an 80 or higher RS Rating. Axcelis Technologies just cleared that benchmark with an upgrade from 80 to 84.
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IBD's proprietary rating tracks market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock's price behavior over the trailing 52 weeks holds up against all the other stocks in our database.
Over 100 years of market history reveals that the stocks that go on to make the biggest gains often have an RS Rating north of 80 as they begin their biggest runs.
Axcelis Technologies is not currently near a potential buy zone. See if the stock goes on to form a base that could kick off a new price move.
Axcelis Technologies reported -35% EPS growth in its most recent report, while sales growth came in at -24%.
Axcelis Technologies earns the No. 13 rank among its peers in the Electronics-Semiconductor Equipment industry group. Lam Research, Advanced Energy Inds and Nova 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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