The Relative Strength (RS) Rating for ACM Research stock climbed into a new percentile Friday, with a rise from 77 to 85.
IBD's proprietary rating measures market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price performance over the trailing 52 weeks stacks up against all the other stocks in our database.
Over 100 years of market history reveals that the best stocks often have an RS Rating of at least 80 as they launch their biggest runs.
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Is ACM Research Stock A Buy?
ACM Research stock is trying to reclaim its 50-day moving average, but lacks conviction. The chip stock is currently not in a proper buy range. Look for the stock to create a new chance to get in like a three-weeks tight or pullback to the 50-day or 10-week moving average.
Regarding top and bottom line numbers, ACM Research has posted two quarters of rising earnings growth. Sales growth has also moved higher over the same time frame. The company is expected to release its next quarterly numbers on or around Aug. 2.
ACM Research stock holds the No. 1 rank among its peers in the Electronics-Semiconductor Equipment industry group. Onto Innovation and Veeco Instruments are also among the group's highest-rated stocks.
