On Monday, ACM Research stock got an upgrade to its Relative Strength (RS) Rating, from 88 to 92. It's no surprise to see this chipmaker issue showing industry leadership. The sector is seeing a strong demand for chips across various areas, such as automotive, cloud computing and artificial intelligence. Among 197 industries, the Electronics-Semiconductor Equipment subgroup is ranked No. 12.
When looking for the best stocks to buy and watch, keep a close on eye on relative price strength. This exclusive rating from Investor's Business Daily measures price performance with a 1 (worst) to 99 (best) score. The rating shows how a stock's price behavior over the trailing 52 weeks compares to all the other stocks in our database.
Decades of market research reveals that the market's biggest winners typically have an RS Rating of at least 80 at the beginning of a new climb.
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Is ACM Research Stock A Buy?
ACM Research stock reclaimed its 50-day moving average last Friday and has continued to its move up on Monday. While the stock is not near a proper buy zone right now, see if it manages to form and break out from a proper consolidation.
The Fremont, Calif-based company showed 33% EPS growth in its most recent report. Revenue rose 26%. Look for the next report on or around Feb. 28.
ACM Research stock earns the No. 1 rank among its peers in the Electronics-Semiconductor Equipment industry group. ASML Holding and Photronics are also among the group's highest-rated stocks.
