Coherent earns relative strength rating upgrade to 83; hits key threshold
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COHERENT (COHR) saw a positive improvement to its Relative Strength (RS) Rating on Wednesday, rising from 72 to 82. ↑ X NOW PLAYING Looking For Breakout Stocks? Start With This 3-Step
Routine When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength. IBD's proprietary RS Rating tracks technical performance by using a 1
(worst) to 99 (best) score that shows how a stock's price action over the trailing 52 weeks matches up against other publicly traded companies. Over 100 years of market history shows
that the stocks that go on to make the biggest gains typically have an RS Rating north of 80 in the early stages of their moves. ------------------------- Looking For Winning Stocks? Try
This Simple Routine ------------------------- While now is not an ideal time to jump in, see if the stock manages to form a chart pattern and break out. Although earnings and sales growth
came in at -59% and -16%, respectively, in the latest report, that marked one quarter of acceleration for EPS and two for sales. Coherent earns the No. 23 rank among its peers in the
Electronics-Semiconductor Equipment industry group. KLA TENCOR (KLAC), TERADYNE (TER) and ADVANCED ENERGY INDUSTRIES (AEIS) are among the top 5 highly rated stocks within the group. IBD
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