On Tuesday, Nova earned a positive adjustment to its Relative Strength (RS) Rating, from 64 to 73.
This proprietary rating tracks market leadership by using a 1 (worst) to 99 (best) score that identifies how a stock's price action over the trailing 52 weeks matched up against all other stocks.
History shows that the market's biggest winners often have an 80 or better RS Rating as they begin their largest price moves. See if Nova can continue to show renewed price strength and hit that benchmark.
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Nova is now considered extended and out of buy range after clearing a 190.51 buy point in a second-stage consolidation. 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 line.
Earnings growth dropped last quarter from 52% to 41%, but revenue rose from 28% to 39%.
The company holds the No. 1 rank among its peers in the Electronics-Semiconductor Equipment industry group. KLA and Teradyne are also among the group's highest-rated stocks.
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