On Friday, Axcelis Technologies stock got an upgrade for its IBD SmartSelect Composite Rating from 94 to 96.
The upgrade means the stock is now outpacing 96% of all other stocks in terms of key performance metrics and technical strength. The market's biggest winners often have a 95 or higher score in the early stages of a new price run, so that's a good starting point when looking for the best stocks to buy and watch.
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Is Axcelis Technologies Stock A Buy?
Axcelis Technologies retook its 50- and 200-day moving averages and is not currently near a proper entry. See if the stock goes on to form a new chart pattern and offer a new buying opportunity. Read "Looking For The Next Big Stock Market Winners? Start With These 3 Steps" for more tips.
The chipmaker earns a 95 EPS Rating, meaning its recent quarterly and annual earnings growth is outpacing 95% of all stocks.
Its Accumulation/Distribution Rating of C shows a roughly equal amount of buying and selling by institutional investors over the last 13 weeks.
In Q1, the company posted 154% earnings growth. Revenue growth came in at 53%, down from 68% in the prior quarter.
Axcelis Technologies stock earns the No. 2 rank among its peers in the Electronics-Semiconductor Equipment industry group. Photronics is the No. 1-ranked stock within the group.
