Applied Materials stock had its Relative Strength (RS) Rating upgraded from 80 to 83 Monday.
When looking for the best stocks to buy and watch, be sure to pay attention to relative price strength.
This exclusive rating from Investor's Business Daily identifies price movement with a 1 (worst) to 99 (best) score. The grade shows how a stock's price behavior over the trailing 52 weeks holds up against all the other stocks in our database.
Over 100 years of market history shows that the market's biggest winners tend to have an RS Rating of at least 80 in the early stages of their moves.
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Is Applied Materials Stock A Buy?
Applied Materials stock is building a flat base with a 125.72 buy point. See if the stock can clear the breakout price in heavy trade. Read "Looking For The Next Big Stock Market Winners? Start With These 3 Steps" for more tips.
While the chipmaker's top line growth fell last quarter from 10% to 7%, earnings-per-share grew 7%, up from 5% in the prior report. Look for the next report on or around May 18.
Applied Materials stock earns the No. 5 rank among its peers in the Electronics-Semiconductor Equipment industry group. Axcelis Technologies and Onto Innovation are also among the group's highest-rated stocks.
