The Relative Strength (RS) Rating for Applied Materials (AMAT) stock climbed into a new percentile Wednesday, with a rise from 69 to 81.

When looking for the best stocks to buy and watch, be sure to pay attention to relative price strength.

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

History reveals that the top-performing stocks typically have an 80 or higher RS Rating as they begin their biggest price moves.

Is Applied Materials Stock A Buy?

Applied Materials stock broke out of a cup-shaped base in early February. The stock has since pulled back and is currently trading in the buy zone again, but tread lightly as the stock market outlook is in an uptrend under pressure. Read “Looking For The Next Big Stock Market Winners? Start With These 3 Steps” for more tips.

Earnings growth increased last quarter from 5% to 7%, but the top line fell from 10% to 7%.

Applied Materials stock earns the No. 6 rank among its peers in the Electronics-Semiconductor Equipment industry group. Lam Research (LRCX) and Axcelis Technologies (ACLS) are also among the group’s highest-rated stocks.