Axcelis Technologies had its Relative Strength (RS) Rating upgraded from 64 to 71 Tuesday — a welcome improvement, but still shy of the 80 or better score you prefer to see.
When To Sell Stocks To Lock In Profits And Minimize Losses
This proprietary rating tracks technical performance by using a 1 (worst) to 99 (best) score that identifies how a stock's price performance over the trailing 52 weeks compares to other publicly traded companies.
History reveals that the market's biggest winners tend to have an RS Rating north of 80 in the early stages of their moves. See if Axcelis Technologies can continue to rebound and hit that benchmark.
While the stock is not near a proper buy point right now, see if it goes on to form and break out from a proper chart pattern.
Axcelis Technologies reported negative growth for both the top and bottom lines last quarter. The company is expected to report its next quarterly numbers on or around Aug. 5.
The company holds the No. 14 rank among its peers in the Electronics-Semiconductor Equipment industry group. KLA, Nova and Lam Research 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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