The Relative Strength (RS) Rating for Analog Devices entered a new percentile Friday, as it got a lift from 70 to 77.
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IBD's proprietary RS Rating identifies technical performance by showing how a stock's price movement over the last 52 weeks compares to that of the other stocks in our database.
Over 100 years of market history reveals that the market's biggest winners tend to have an 80 or better RS Rating in the early stages of their moves. See if Analog Devices can continue to show renewed price strength and clear that threshold.
Analog Devices has climbed more than 5% past a 228.80 entry in a first-stage cup with handle, meaning it's now out of a proper buy zone. Look for the stock to create a new chance to get in like a three-weeks tight or pullback to the 50-day or 10-week line.
In terms of fundamentals, Analog Devices has posted rising EPS growth over the last four quarters. Revenue gains have also risen during the same period.
Analog Devices earns the No. 3 rank among its peers in the Electronics-Semiconductor Manufacturing industry group. MACOM Tech Solutions is the No. 1-ranked stock 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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