Camtek stock had its Relative Strength (RS) Rating upgraded from 74 to 83 Friday.
This unique rating tracks market leadership by showing how a stock's price action over the last 52 weeks compares to that of other stocks on the major indexes.
Over 100 years of market history reveals that the stocks that go on to make the biggest gains often have an RS Rating north of 80 as they begin their biggest climbs.
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Is Camtek Stock A Buy?
Camtek stock has been etching the right side of a cup-shaped base and is not currently in a proper entry point. See if the stock forms a new pattern or follow-on buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week moving average.
While the company's bottom line growth declined in the prior quarter from 50% to 47%, the top line rose 40%, up from 39% in the prior report. Keep an eye out for the company's next round of numbers on or around Feb. 13.
Camtek stock earns the No. 1 rank among its peers in the Electronics-Scientific Measuring industry group. FARO Technologies and Itron are also among the group's highest-rated stocks.
