On Monday, Camtek got an upgrade to its Relative Strength (RS) Rating, from 80 to 85.
Hone Your Stock-Picking Skills By Focusing On These Factors
IBD's unique rating identifies market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price movement over the last 52 weeks compares to all the other stocks in our database.
Decades of market research shows that the top-performing stocks typically have an RS Rating of above 80 as they begin their biggest runs.
While the stock is not near an ideal buy zone right now, see if it manages to form and break out of a proper chart pattern.
Camtek showed 25% earnings growth in the latest quarterly report, while sales growth came in at 22%. The company is expected to report its latest numbers on or around Jul. 30.
Camtek earns the No. 1 rank among its peers in the Electronics-Scientific Measuring industry group. Itron and FARO Technologies are also among the group's highest-rated stocks.
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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