Brooks Automation Meets 80-Plus Relative Strength Rating Benchmark
Brooks Automation had its Relative Strength (RS) Rating upgraded from 67 to 80 Wednesday.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
IBD's proprietary RS Rating identifies market leadership by showing how a stock's price action over the last 52 weeks compares to that of other stocks on the major indexes.
History reveals that the market's biggest winners tend to have an RS Rating north of 80 in the early stages of their moves.
Brooks Automation is building a consolidation with a 104.41 entry. See if the stock can break out in heavy trade.
While earnings-per-share growth declined in the company's most recent quarterly report from 144% to 125%, the top line grew 43%, up from 30% in the previous report.
The company holds the No. 7 rank among its peers in the Electronics-Semiconductor Equipment industry group. ASML Hldgs and KLA Tencor are also among the group's highest-rated stocks.