When putting together your watch list, look for stocks with an 80 or higher RS Rating. Amkor Technology is one stock that just reached the mark, now earning a score of 84.
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This unique rating tracks technical performance by using a 1 (worst) to 99 (best) score that identifies how a stock's price action over the last 52 weeks matches up against the rest of the market.
History reveals that the best stocks typically have an RS Rating north of 80 in the early stages of their moves.
Amkor Technology is now considered extended and out of buy range after clearing a 26.31 buy point in a first-stage cup without handle. See if the stock forms a new pattern or follow-on buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week moving average.
Top and bottom line growth moved higher last quarter. Earnings were up -19%, compared to -63% in the prior report. Revenue increased from -3% to 3%.
Amkor Technology holds the No. 12 rank among its peers in the Electronics-Semiconductor Manufacturing industry group. Taiwan Semiconductor ADR, Analog Devices and Tower Semiconductor are among the top 5 highly rated stocks within the group.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
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