The Relative Strength (RS) Rating for Advanced Energy Inds moved into a higher percentile Monday, as it got a lift from 68 to 75.
IBD's unique RS Rating tracks technical performance by using a 1 (worst) to 99 (best) score that shows how a stock's price action over the last 52 weeks stacks up against all the other stocks in our database.
Over 100 years of market history shows that the best stocks tend to have an RS Rating north of 80 in the early stages of their moves. See if Advanced Energy Inds can continue to rebound and clear that threshold.
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Advanced Energy Inds has climbed more than 5% past a 112.12 entry in a first-stage double bottom, meaning it's now out of a proper buy zone. 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 line.
Advanced Energy Inds reported -23% earnings growth in the latest quarterly report. Revenue gains came in at -9%.
The company earns the No. 4 rank among its peers in the Electronics-Semiconductor Equipment industry group. Nova is the No. 1-ranked stock within the group.
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