Semtech Sees Relative Strength Rating Rise To 71

On Monday, Semtech (SMTC) got a positive adjustment to its Relative Strength (RS) Rating, from 68 to 71.


When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.

This exclusive rating from Investor’s Business Daily identifies market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock’s price behavior over the last 52 weeks holds up against all the other stocks in our database.

History shows that the best stocks typically have an 80 or higher RS Rating in the early stages of their moves. See if Semtech can continue to show renewed price strength and hit that benchmark.

Looking For The Best Stocks To Buy And Watch? Start Here

Semtech is now considered extended and out of buy range after clearing a 64.20 buy point in a first-stage consolidation. See if the stock forms a new chart pattern or follow-on buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week line.

In terms of top and bottom line numbers, the company has posted three quarters of accelerating earnings growth. Revenue growth has also risen during the same period. The company is expected to report its next quarterly numbers on or around Mar. 11.

Semtech holds the No. 18 rank among its peers in the Electronics-Semiconductor Fabless industry group. Himax Technologies (HIMX) and Maxlinear Inc (MXL) are also among the group’s highest-rated stocks.


Chip Stocks To Watch And Semiconductor Industry News

IBD Stock Rating Upgrades: Rising Relative Strength

Why Should You Use IBD’s Relative Strength Rating?

How Relative Strength Line Can Help You Judge A Stock

Identify Bases And Buy Points With Pattern Recognition From MarketSmith

Most Related Links :
verity news now Governmental News Finance News

Source link

Back to top button