On Tuesday, Axcelis Technologies stock got an upgrade for its IBD SmartSelect Composite Rating from 93 to 96.
The new rating shows the stock is outpacing 96% of all stocks when it comes to the most important stock-picking criteria. History shows the top market performers tend to have a 95 or higher score as they launch their major moves.
Axcelis Technologies stock is not currently near a proper entry. See if the stock goes on to form a new base and offer a new buying opportunity.
Looking For The Best Stocks To Buy And Watch? Try These Screens
Axcelis Technologies stock has a 95 EPS Rating, which means its recent quarterly and annual earnings growth tops 95% of all stocks.
Its Accumulation/Distribution Rating of C- shows a roughly equal amount of buying and selling by institutional investors over the last 13 weeks.
The chipmaker posted a 140% earnings gain for Q2. Sales growth came in at 50%, down from 53% in the prior quarter.
Axcelis Technologies stock holds the No. 1 rank among its peers in the Electronics-Semiconductor Equipment industry group. Aehr Test Systems and Advanced Energy Industries are also among the group's highest-rated stocks.
