On Wednesday, Advanced Energy Inds received a positive adjustment to its Relative Strength (RS) Rating, from 69 to 75.
IBD's proprietary RS Rating tracks market leadership by showing how a stock's price action over the last 52 weeks compares to that of the other stocks in our database.
Decades of market research shows that the stocks that go on to make the biggest gains tend to have an 80 or higher RS Rating as they begin their biggest climbs. See if Advanced Energy Inds can continue to rebound and hit that benchmark.
When To Sell Stocks To Lock In Profits And Minimize Losses
Advanced Energy Inds has moved more than 5% past a 112.12 entry in a first-stage double bottom, meaning it's now out of a proper buy zone. Look for the stock to offer a new chance to pick up shares like a three-weeks tight or pullback to the 50-day or 10-week line.
The company showed -23% EPS growth in the latest quarterly report, while sales growth came in at -9%.
Advanced Energy Inds holds the No. 5 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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