In a welcome move, Nova stock saw its Relative Strength Rating improve from 68 to 72 on Thursday.
This unique rating identifies market leadership by using a 1 (worst) to 99 (best) score that identifies how a stock's price performance over the trailing 52 weeks compares to the rest of the market.
Over 100 years of market history shows that the market's biggest winners often have an RS Rating of above 80 as they begin their biggest runs. See if Nova stock can continue to show renewed price strength and clear that threshold.
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Is Nova Stock A Buy?
Nova stock reclaimed its 200-day moving average Monday and is not in a proper buy zone. Look for the stock to offer a new buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week moving average.
While earnings-per-share growth dropped in the prior quarter from 52% to 41%, the top line rose 39%, up from 28% in the prior report.
Nova stock holds the No. 1 rank among its peers in the Electronics-Semiconductor Equipment industry group. Aehr Test Systems and Atomera are also among the group's highest-rated stocks.
