Chipmaker Nova Measuring Instruments Stock Forms Ascending Base Pattern

Nova Measuring Instruments (NVMI) is forming a base showing a 99.89 entry with its next quarterly EPS report due around May 6. The current formation is a third-stage ascending base.


Keep in mind that buying a stock close to earnings is risky, since poor numbers could send it sharply lower. You can reduce your exposure by waiting to see how the company reports and how the market reacts. Another way to minimize the risk of a post-earnings sell-off is to use an options strategy. Read “Looking For The Next Big Stock Market Winners? Start With These 3 Steps” for more tips.


Looking For Winning Stocks? Try This Simple Routine

The Israel-based chipmaker reported 8% earnings-per-share growth in the latest quarterly report. Revenue gains came in at 18%.

Analysts expect earnings growth of 34% for the quarter, and 24% growth for the full year. Annual earnings estimates were recently revised upward.

Nova Measuring Instruments stock has a 97 Composite Rating and earns the No. 14 rank among its peers in the Electronics-Semiconductor Equipment industry group. Applied Materials (AMAT), ASML Hldgs (ASML) and Brooks Automation (BRKS) are among the top 5 highly rated stocks within the group. For more industry news, check out “Chip Stocks And Semiconductor Industry News”.

Note: Dates for earnings reports are subject to change. Check the company’s website for any updates.


MarketSmith’s Tools Can Help The Individual Investor

IBD Live: A New Tool For Daily Stock Market Analysis

Profit From Short-Term Trends With SwingTrader

How To Research Growth Stocks: Why This IBD Tool Simplifies The Search For Top Stocks


Most Related Links :
newsbinding Governmental News Finance News

Source link

Back to top button