KLA saw a welcome improvement to its Relative Strength (RS) Rating on Tuesday, rising from 68 to 72.
This exclusive rating from Investor's Business Daily tracks share price action with a 1 (worst) to 99 (best) score. The grade shows how a stock's price movement over the trailing 52 weeks holds up against all the other stocks in our database.
History reveals that the market's biggest winners often have an RS Rating north of 80 in the early stages of their moves. See if KLA can continue to show renewed price strength and clear that threshold.
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KLA is building a consolidation with an 896.32 buy point. See if the stock can clear the breakout price in heavy volume.
Regarding fundamentals, the company has posted rising EPS growth over the last five quarters. Revenue gains have also increased over the same time frame.
The company holds the No. 2 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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