One important metric to look for in a stock is an 80 or higher Relative Strength Rating. ACM Research Cl A now clears that threshold, with a jump from 80 to 85 Wednesday.
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IBD's unique rating identifies price performance with a 1 (worst) to 99 (best) score. The rating shows how a stock's price movement over the last 52 weeks compares to all the other stocks in our database.
Over 100 years of market history shows that the market's biggest winners tend to have an 80 or better RS Rating as they begin their biggest climbs.
While it's not currently an ideal time to buy shares, see if the stock is able to offer and clear a proper buy point.
ACM Research Cl A posted -12% EPS growth in the latest quarterly report. Sales increased 13%.
The company holds the No. 2 rank among its peers in the Electronics-Semiconductor Equipment industry group. KLA is the No. 1-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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