On Wednesday, IPG Photonics hit an important technical milestone, seeing its Relative Strength (RS) Rating jump into the 80-plus percentile with an improvement to 81, up from 73 the day before.
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This unique rating tracks technical performance by using a 1 (worst) to 99 (best) score that indicates how a stock's price performance over the last 52 weeks matches up against the rest of the market.
History reveals that the market's biggest winners tend to have an 80 or better RS Rating as they begin their biggest runs.
While the stock is not near a proper entry right now, see if it goes on to form and break out from a proper base.
EPS growth dropped last quarter from -38% to -42%, but revenue rose from -10% to -3%.
IPG Photonics earns the No. 5 rank among its peers in the Electronics-Scientific Measuring industry group. Camtek is the top-ranked stock 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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