The Relative Strength (RS) Rating for Advanced Energy Inds climbed into a new percentile Tuesday, as it got a lift from 69 to 74.
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This proprietary rating tracks market leadership by showing how a stock's price action over the last 52 weeks compares to that of the other stocks in our database.
History shows that the best stocks typically have an RS Rating of over 80 as they launch their biggest runs. See if Advanced Energy Inds can continue to rebound and clear that threshold.
Advanced Energy Inds is working on a cup with handle with a 121.32 entry. See if the stock can clear the breakout price in volume at least 40% higher than normal.
In terms of revenue and profits, the company has posted two quarters of increasing earnings growth. Revenue growth has also increased during the same period.
Advanced Energy Inds holds the No. 3 rank among its peers in the Electronics-Semiconductor Equipment industry group. KLA is the top-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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