Applied Materials saw a welcome improvement to its Relative Strength (RS) Rating on Monday, with an increase from 67 to 73.
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This exclusive rating from Investor's Business Daily measures market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price behavior over the last 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 80 or better RS Rating as they begin their biggest climbs. See if Applied Materials can continue to rebound and hit that benchmark.
While Applied Materials is not near a proper entry right now, see if it goes on to form and break out of a proper base.
The company posted 14% EPS growth in the latest quarterly report, while sales growth came in at 7%.
The company 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.
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