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Formfactor Sees Its Composite Rating Rise To 96

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Formfactor ( FORM ) saw its IBD SmartSelect Composite Rating rise to 96 Friday, up from 94 the day before.

[ibd-display-video id=2102289 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 top-performing stocks tend to have a 95 or better grade as they start a significant move.

Formfactor broke out earlier, but is now trading right around the prior 15.60 entry from a cup with handle . In the scenario where a stock breaks out then falls 7% or more below the entry price, it's considered a failed breakout. If that happens, it's best to wait for a new pattern to form.

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The stock sports a 98 EPS Rating, meaning its recent quarterly and annual earnings growth is outpacing 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 growth. Sales 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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