One important metric to look for in a stock is an 80 or higher Relative Strength Rating. Nova now clears that threshold, with a jump from 76 to 83 Friday.
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This exclusive rating from Investor's Business Daily 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 compares to all the other stocks in our database.
Over 100 years of market history reveals that the stocks that go on to make the biggest gains often have an RS Rating north of 80 in the early stages of their moves.
Nova is building a consolidation with a 291.99 entry. See if it can break out in volume at least 40% higher than normal.
Nova posted 37% earnings growth last quarter. Sales increased 40%.
Nova earns the No. 2 rank among its peers in the Electronics-Semiconductor Equipment industry group. Lam Research 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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