Lam Research had its Relative Strength (RS) Rating upgraded from 78 to 84 Wednesday.
Hone Your Stock-Picking Skills By Focusing On These Factors
This exclusive rating from Investor's Business Daily 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 holds up against all the other stocks in our database.
Decades of market research shows that the market's biggest winners often have an RS Rating north of 80 as they begin their biggest price moves.
Lam Research has moved more than 5% past an 86.04 entry in a first-stage cup with handle, meaning it's now out of a proper buy zone. Look for the stock to create a new chance to pick up shares like a three-weeks tight or pullback to the 50-day or 10-week moving average.
Lam Research saw both earnings and sales growth rise last quarter. Earnings-per-share increased from 21% to 33%. Revenue rose from 16% to 24%.
The company holds the No. 3 rank among its peers in the Electronics-Semiconductor Equipment industry group. KLA 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.
RELATED:
Stocks With Rising Relative Strength Ratings
Why Should You Use IBD's Relative Strength Rating?
How Relative Strength Line Can Help You Judge A Stock
Ready To Grow Your Investing Skills? Join An IBD Meetup Group!
