One important metric to look for in a stock is an 80 or higher Relative Strength Rating. MKS just hit that mark, with a jump from 61 to 80 Monday.
Hone Your Stock-Picking Skills By Focusing On These Factors
IBD's proprietary rating tracks market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price performance over the last 52 weeks holds up against all the other stocks in our database.
Decades of market research reveals that the stocks that go on to make the biggest gains often have an RS Rating north of 80 as they launch their biggest runs.
MKS is not currently offering a proper buying opportunity. See if the stock goes on to form a sound pattern that could spark a new run.
Earnings growth declined in the most recent report from 84% to 45%. But sales moved higher, from 5% to 8%. The next quarterly numbers are expected on or around Jul. 30.
The company earns the No. 9 rank among its peers in the Electronics-Semiconductor Equipment industry group. KLA, Nova and Lam Research 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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