The IBD SmartSelect Composite Rating for ACM Research Cl A rose from 94 to 96 Wednesday.
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The new rating is a sign the stock is outpacing 96% of all stocks when it comes to the most important stock-picking criteria. History shows the top market performers tend to have a 95 or higher score as they launch their major moves.
ACM Research Cl A is now out of buy range after clearing the 25.61 buy point in a cup with handle.
The stock sports a 91 EPS Rating, meaning its recent quarterly and annual earnings growth tops 91% of all stocks.
Its Accumulation/Distribution Rating of B shows moderate buying by institutional investors over the last 13 weeks.
In Q1, the company reported -12% EPS growth. Revenue growth came in at 13%, down from 31% in the prior quarter. The company's next quarterly report is expected on or around Aug. 1.
ACM Research Cl A earns the No. 5 rank among its peers in the Electronics-Semiconductor Equipment industry group. KLA is the top-ranked stock within the group.
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