The Relative Strength (RS) Rating for Camtek entered a new percentile Monday, with a rise from 78 to 82.
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This unique rating measures technical performance by using a 1 (worst) to 99 (best) score that shows how a stock's price performance over the trailing 52 weeks matches up against that of all other stocks.
Decades of market research shows that the best stocks typically have an 80 or higher RS Rating in the early stages of their moves.
Camtek has moved more than 5% past a 90.54 entry in a third-stage consolidation, meaning it's now out of a proper buy range. Look for the stock to create a new chance to pick up shares like a three-weeks tight or pullback to the 50-day or 10-week moving average.
The company posted 25% earnings growth in its most recent report. Revenue rose 22%. The next quarterly results are expected on or around Aug. 5.
Camtek earns the No. 1 rank among its peers in the Electronics-Scientific Measuring industry group. Itron and Keysight Technologies are also among the group's highest-rated stocks.
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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