On Wednesday, Axcelis Technologies got a positive adjustment to its Relative Strength (RS) Rating, from 63 to 76.
Can You Really Time The Stock Market?
IBD's unique RS 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 compares to the rest of the market.
Decades of market research shows that the stocks that go on to make the biggest gains tend to have an 80 or higher RS Rating as they begin their largest price moves. See if Axcelis Technologies can continue to show renewed price strength and hit that benchmark.
Axcelis Technologies is not currently showing a potential buy point. See if the stock goes on to form a base that could spark a new run.
The company posted -35% EPS growth last quarter. Sales rose -24%.
The company holds the No. 11 rank among its peers in the Electronics-Semiconductor Equipment industry group. Lam Research, Advanced Energy Inds and Nova 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.
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