The Relative Strength (RS) Rating for KLA climbed into a new percentile Friday, with a rise from 77 to 82.
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This exclusive rating from Investor's Business Daily identifies price movement with a 1 (worst) to 99 (best) score. The score shows how a stock's price performance over the last 52 weeks holds up against all the other stocks in our database.
Over 100 years of market history shows that the market's biggest winners tend to have an RS Rating north of 80 in the early stages of their moves.
KLA is building a consolidation with an 896.32 buy point. See if it can clear the breakout price in volume at least 40% higher than normal.
In terms of fundamental health, KLA has posted six quarters of accelerating earnings growth. Sales gains have also increased over the same time frame.
KLA earns the No. 1 rank among its peers in the Electronics-Semiconductor Equipment industry group. Nova and Lam Research 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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