On Friday, Camtek earned an upgrade to its Relative Strength (RS) Rating, from 70 to 76. This proprietary rating identifies market leadership by using a 1 (worst) to 99 (best) score that indicates how a stock's price performance over the last 52 weeks matched up against all other stocks. Over 100 years of market history reveals that the market's biggest winners often have an RS Rating of above 80 in the early stages of their moves. See if Camtek can continue to rebound and hit that benchmark. Camtek is not currently showing a potential buy point. See if the stock goes on to form a chart pattern that could spark a new run. The company showed 25% earnings growth in the latest quarterly report. Sales increased 22%. Keep an eye out for the company's next round of numbers on or around Jul. 30. The company holds the No. 1 rank among its peers in the Electronics-Scientific Measuring industry group. Itron and FARO Technologies are also among the group's highest-rated stocks. This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.

Camtek Shows Rising Relative Strength; Still Shy Of Key Benchmark

Camtek's Relative Strength (RS) rating increased to 76, indicating market leadership. The company reported 25% earnings growth and 22% sales increase in the latest quarter. It holds the No. 1 rank in its industry group, with Itron and FARO Technologies also among the top-rated stocks.