Photronics stock saw a welcome improvement to its Relative Strength (RS) Rating on Friday, rising from 77 to 83.
When you're researching the best stocks to buy and watch, be sure to pay attention to relative price strength.
This exclusive rating from Investor's Business Daily tracks share price action with a 1 (worst) to 99 (best) score. The rating shows how a stock's price performance over the trailing 52 weeks compares to all the other stocks in our database.
Over 100 years of market history reveals that the market's biggest winners often have an 80 or better RS Rating as they launch their biggest runs.
Looking For Winning Stocks? Try This Simple Routine
Is Photronics Stock A Buy?
While Photronics stock is not near an ideal buying range right now, see if it manages to form and break out of a proper chart pattern. Read "Looking For The Next Big Stock Market Winners? Start With These 3 Steps" for more tips.
While earnings-per-share growth dropped in the company's most recently reported quarter from 165% to 132%, revenue rose 29%, up from 28% in the previous report. Keep an eye out for the company's next round of numbers on or around Dec. 14.
Photronics stock earns the No. 4 rank among its peers in the Electronics-Semiconductor Equipment industry group. Aehr Test Systems and Advanced Energy Inds are also among the group's highest-rated stocks.
