One important metric to look for in a stock is an 80 or higher Relative Strength Rating. Amkor Technology stock cleared that benchmark Wednesday, with a jump from 79 to 82 Wednesday.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
IBD's unique RS Rating measures market leadership by showing how a stock's price action over the last 52 weeks compares to that of other stocks on the major indexes.
History shows that the best-performing stocks often have an RS Rating north of 80 in the early stages of their moves.
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Is Amkor Technology Stock A Buy?
Amkor Technology stock is working on a consolidation with a 31.48 buy point. See if the stock can clear the breakout price in heavy volume. Read "Looking For The Next Big Stock Market Winners? Start With These 3 Steps" for more tips.
The chipmaker reported negative growth for both sales and earnings last quarter.
Amkor Technology stock holds the No. 8 rank among its peers in the Electronics-Semiconductor Manufacturing industry group. Taiwan Semiconductor ADR and Microchip Technology are also among the group's highest-rated stocks. For more industry news, check out "Chip Stocks To Watch And Semiconductor Industry News."
