In a welcome move, Nova (NVMI) stock saw its Relative Strength Rating improve from 68 to 72 on Thursday.
↑ XThis 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.
Can You Really Time The Stock Market?
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 (AEHR) and Atomera (ATOM) are also among the group's highest-rated stocks.
YOU MAY ALSO LIKE:
MarketSurge's Tools Can Help The Individual Investor
IBD Live: A New Tool For Daily Stock Market Analysis
Profit From Short-Term Trends With SwingTrader
How To Research Growth Stocks: Why This IBD Tool Simplifies The Search For Top Stocks
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.