KLA Stock Meets 80-Plus Relative Strength Rating Benchmark

KLA (KLAC) stock had its Relative Strength (RS) Rating upgraded from 80 to 83 Thursday.

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This exclusive rating from Investor’s Business Daily tracks price action with a 1 (worst) to 99 (best) score. The grade shows how a stock’s price behavior over the last 52 weeks stacks up against all the other stocks in our database.

History reveals that the market’s biggest winners typically have an RS Rating of over 80 in the early stages of their moves.

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Is KLA Stock A Buy?

KLA stock is building a consolidation with an 896.32 buy point. See if the chip stock can clear the breakout price in volume at least 40% higher than normal. It’s a later-stage pattern, and investors should be aware that those are less likely to lead to significant gains.

Taking a look at revenue and profit performance, KLA has posted rising EPS growth in each of the last three reports. Sales gains have also risen during the same period. KLA is expected to release its next quarterly numbers on or around Oct. 23.

KLA stock earns the No. 3 rank among its peers in the Electronics-Semiconductor Equipment industry group. Nova (NVMI) is the No. 1-ranked stock within the group.

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