The Relative Strength (RS) Rating for Advanced Energy Inds entered a new percentile Tuesday, with a rise from 76 to 81.
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IBD's proprietary rating identifies market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock's price performance over the last 52 weeks compares to all the other stocks in our database.
Over 100 years of market history shows that the best-performing stocks tend to have an RS Rating of over 80 in the early stages of their moves.
Advanced Energy Inds is working on a cup without handle with a 132.16 buy point. See if it can clear the breakout price in heavy trading.
In terms of fundamentals, Advanced Energy Inds has posted rising EPS growth in each of the last two reports. Revenue growth has also risen over the same time frame.
The company earns the No. 3 rank among its peers in the Electronics-Semiconductor Equipment industry group. KLA is the top-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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