Could ACM Research, Inc. (ACMR) See a Reversal After Breaking All Highs?

March 14, 2018 - By Kurt Siggers

The stock of ACM Research, Inc. (NASDAQ:ACMR) reached all time high today, Mar, 14 and still has $15.42 target or 3.00 % above today’s $14.97 share price. This indicates more upside for the $229.72M company. This technical setup was reported by If the $15.42 PT is reached, the company will be worth $6.89 million more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events.

The stock increased 5.13% or $0.73 during the last trading session, reaching $14.97. About 52,190 shares traded. ACM Research, Inc. (NASDAQ:ACMR) has 0.00% since March 14, 2017 and is . It has underperformed by 16.70% the S&P500.

Analysts await ACM Research, Inc. (NASDAQ:ACMR) to report earnings on June, 4. After $0.23 actual EPS reported by ACM Research, Inc. for the previous quarter, Wall Street now forecasts -143.48 % negative EPS growth.

More important recent ACM Research, Inc. (NASDAQ:ACMR) news were published by: which released: “ACM Research to Present at 30th Annual Roth Conference” on March 01, 2018, also published article titled: “ACM Research to Announce Fourth Quarter and Fiscal Year 2017 Financial Results …”, published: “ACM Research Announces Expansion of Manufacturing Facility” on February 15, 2018. More interesting news about ACM Research, Inc. (NASDAQ:ACMR) was released by: and their article: “ACM Research Reports Fourth Quarter and Fiscal Year 2017 Results” with publication date: March 05, 2018.

ACM Research, Inc., together with its subsidiaries, develops, makes, and sells single-wafer wet cleaning equipment for enhancing the manufacturing process and yield for integrated chips worldwide. The company has market cap of $229.72 million. It offers space alternated phase shift cleaning equipment to deliver megasonic energy to flat and patterned wafer surfaces in a uniform manner on a microscopic level; timely energized bubble oscillation cleaning equipment for conventional two-dimensional and three-dimensional patterned wafers at advanced process nodes; and custom-made wafer assembly and packaging equipment. It currently has negative earnings. The firm markets and sells its products under the Ultra C brand name through direct sales force and third-party representatives.

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