On Monday, Formfactor ( FORM ) earned an upgrade to its Relative Strength ( RS ) Rating , from 75 to 88.
[ibd-display-video id=2368044 width=50 float=left autostart=true] This exclusive rating from Investor's Business Daily identifies market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock's price movement over the trailing 52 weeks compares to all the other stocks in our database.
History shows that the stocks that go on to make the biggest gains often have an 80 or higher RS Rating in the early stages of their moves.
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Formfactor is working on a consolidation with an 18.75 entry . See if the stock can clear the breakout price in volume at least 40% above average.
The company showed 55% EPS growth in its most recent report, while sales growth came in at 17%.
Formfactor holds the No. 1 rank among its peers in the Electronics-Semiconductor Equipment industry group. Data IO ( DAIO ) and Entegris ( ENTG ) are also among the group's highest-rated stocks.
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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.
