Advanced Micro Devices stock had its Relative Strength (RS) Rating upgraded from 67 to 72 Thursday — a welcome improvement, but still shy of the 80 or better score you look for.
Can You Really Time The Stock Market?
IBD's proprietary rating tracks market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock's price performance over the last 52 weeks holds up against all the other stocks in our database.
History shows that the stocks that go on to make the biggest gains tend to have an RS Rating of at least 80 in the early stages of their moves. See if Advanced Micro Devices stock can continue to show renewed price strength and clear that threshold.
Is Advanced Micro Devices Stock A Buy?
Advanced Micro Devices stock reclaimed its 200-day moving average mid-June and has been climbing higher as chipmakers rally. The stock is currently not in a proper buy range at this time. Look for the stock to create a new chance to pick up shares like a three-weeks tight or pullback to the 50-day or 10-week moving average.
Regarding top and bottom line numbers, the company has posted rising EPS growth over the last four quarters. Sales gains have also risen over the same time frame.
Advanced Micro Devices stock holds the No. 7 rank among its peers in the Electronics-Semiconductor Fabless industry group. Arm Holdings ADR, Broadcom and NVIDIA are among the top 5 highly rated stocks within the group. For more industry news, check out "Chip Stocks To Watch And Semiconductor Industry News."
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