Applied Materials had its Relative Strength (RS) Rating upgraded from 68 to 71 Wednesday — a welcome improvement, but still shy of the 80 or higher score you prefer to see.
When To Sell Stocks To Lock In Profits And Minimize Losses
IBD's unique RS Rating identifies market leadership by using a 1 (worst) to 99 (best) score that identifies how a stock's price action over the last 52 weeks matched up against all other stocks.
Decades of market research reveals that the best stocks tend to have an RS Rating north of 80 as they begin their largest price moves. See if Applied Materials can continue to show renewed price strength and hit that benchmark.
Applied Materials is not currently showing a potential buy point. See if the stock goes on to form a sound pattern that could kick off a new price move.
Applied Materials showed 14% earnings growth in its most recent report. Revenue gains came in at 7%.
Applied Materials earns the No. 8 rank among its peers in the Electronics-Semiconductor Equipment industry group. KLA, Nova and Lam Research are among the top 5 highly rated stocks 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.
RELATED:
IBD Stock Rating Upgrades: Rising Relative Strength
Why Should You Use IBD's Relative Strength Rating?
How Relative Strength Line Can Help You Judge A Stock
Ready To Grow Your Investing Skills? Join An IBD Meetup Group!
