The Relative Strength (RS) Rating for Axcelis Technologies jumped into a new percentile Thursday, with a rise from 76 to 82.
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This unique rating identifies market leadership by using a 1 (worst) to 99 (best) score that indicates how a stock's price performance over the trailing 52 weeks matches up against other publicly traded companies.
History reveals that the best stocks typically have an 80 or higher RS Rating as they begin their biggest price moves.
While the stock is not near a proper buy zone right now, see if it is able to form and break out of a proper consolidation.
Axcelis Technologies showed -35% earnings growth in its most recent report, while sales growth came in at -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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