On Friday, Nova earned an upgrade to its Relative Strength (RS) Rating, from 80 to 83.
Hone Your Stock-Picking Skills By Focusing On These Factors
This exclusive rating from Investor's Business Daily identifies market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price movement over the last 52 weeks stacks up against all the other stocks in our database.
Over 100 years of market history reveals that the stocks that go on to make the biggest gains tend to have an 80 or better RS Rating in the early stages of their moves.
Nova is trying to complete a cup without handle with a 289.90 entry. See if the stock can clear the breakout price in volume at least 40% higher than normal.
In terms of fundamentals, the company has posted rising EPS growth over the last two quarters. Sales gains have also moved higher during the same period.
Nova holds the No. 1 rank among its peers in the Electronics-Semiconductor Equipment industry group. Nova and Advanced Energy Inds 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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