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Chipmaker KLA Stock Clears Key Benchmark, Hitting 80-Plus RS Rating

KLA (KLAC) stock had its Relative Strength (RS) Rating upgraded from 78 to 82 Friday.




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When you’re researching the best stocks to buy and watch, be sure to pay attention to relative price strength.

IBD’s unique rating measures market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock’s price movement over the last 52 weeks holds up against all the other stocks in our database.

Decades of market research reveals that the best-performing stocks often have an RS Rating of over 80 in the early stages of their moves.


See How IBD Helps You Make More Money In Stocks


Is KLA Stock A Buy?

KLA stock is building a cup with handle with a 356.81 buy point. See if it can clear the breakout price in heavy trade. Read “Looking For The Next Big Stock Market Winners? Start With These 3 Steps” for more tips. Also, check out “Stocks To Buy And Watch: Top IPOs, Big And Small Caps, Growth Stocks.”

 

In terms of top and bottom line numbers, the chipmaker has posted two quarters of increasing earnings growth. Sales growth has also risen during the same period.

KLA Tencor stock earns the No. 4 rank among its peers in the Electronics-Semiconductor Equipment industry group. ASML Hldgs (ASML) and Nova Ltd (NVMI) are also among the group’s highest-rated stocks. For more industry news, check out “Chip Stocks And Semiconductor Industry News.”

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