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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.




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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.

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