Veeco Instruments had its Relative Strength (RS) Rating upgraded from 69 to 74 Thursday — a welcome improvement, but still short of the 80 or better score you prefer to see.
Can You Really Time The Stock Market?
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 movement over the last 52 weeks compares to all the other stocks in our database.
Decades of market research reveals that the stocks that go on to make the biggest gains typically have an RS Rating north of 80 as they launch their largest runs. See if Veeco Instruments can continue to rebound and clear that threshold.
Veeco Instruments is not currently near a potential buy zone. See if the stock goes on to build a sound pattern that could launch a new move.
Taking a look at revenue and profit performance, the company has posted two quarters of rising earnings growth. Sales gains have not followed the same trajectory, coming in at -6% last quarter.
The company earns the No. 13 rank among its peers in the Electronics-Semiconductor Equipment industry group. Lam Research, ASML Holding and Nova are among the top 5 highly rated stocks 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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