The Relative Strength (RS) Rating for IPG Photonics headed into a higher percentile Monday, as it got a lift from 63 to 72.
How To Invest In Stocks In Both Bull And Bear Markets
IBD's proprietary RS Rating measures technical performance by using a 1 (worst) to 99 (best) score that indicates how a stock's price performance over the trailing 52 weeks compares to other publicly traded companies.
Decades of market research shows that the market's biggest winners typically have an 80 or better RS Rating as they begin their biggest price moves. See if IPG Photonics can continue to rebound and hit that benchmark.
IPG Photonics is not currently showing a potential entry point. See if the stock goes on to form a promising consolidation that could launch a new move.
Although earnings and sales growth came in at -38% and -10%, respectively, in the latest report, that marked one quarter of improvement for EPS and four for sales. IPG Photonics is expected to report its next quarterly numbers on or around Aug. 5.
The company earns the No. 5 rank among its peers in the Electronics-Scientific Measuring industry group. Camtek 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:
IBD Stock Rating Upgrades: Rising Relative Strength
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!
