KLA had its Relative Strength (RS) Rating upgraded from 78 to 82 Friday.
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IBD's proprietary rating identifies market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price behavior over the trailing 52 weeks stacks up against all the other stocks in our database.
Decades of market research shows that the best stocks tend to have an RS Rating of over 80 in the early stages of their moves.
While the stock is not near an ideal buy zone right now, see if it manages to form and break out from a proper chart pattern.
KLA posted 42% earnings growth last quarter. Revenue increased 24%.
KLA holds the No. 4 rank among its peers in the Electronics-Semiconductor Equipment industry group. Lam Research is the No. 1-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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