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Formfactor Earns Composite Rating Upgrade

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Formfactor ( FORM ) saw its IBD SmartSelect Composite Rating jump to 96 Tuesday, up from 93 the day before.

[ibd-display-video id=2368044 width=50 float=left autostart=true] The revised score means the stock currently tops 96% of all other stocks in terms of key performance metrics and technical strength. The best stocks tend to have a 95 or better grade as they begin to launch a significant move.

Formfactor broke out earlier, but is now trading approximately -4% below the prior 15.60 entry from a cup with handle . If a stock you're tracking breaks past a buy point then retreats 7% or more below the original entry price, it's considered a failed base. It's best to wait for the stock to form a new consolidation and breakout.

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The stock sports a 98 EPS Rating, meaning its recent quarterly and longer-term annual earnings growth tops 98% 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.

In Q3, the company reported 55% earnings-per-share growth. Top line growth came in at 17%, down from 73% in the prior quarter.

Formfactor holds the No. 8 rank among its peers in the Electronics-Semiconductor Equipment industry group. Data IO ( DAIO ), Applied Materials ( AMAT ) and Entegris ( ENTG ) are among the top 5 highly-rated stocks within the group.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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