Analog Devices had its Relative Strength (RS) Rating upgraded from 70 to 76 Friday — a welcome improvement, but still below the 80 or higher score you prefer to see.
Can You Really Time The Stock Market?
This exclusive rating from Investor's Business Daily tracks price movement with a 1 (worst) to 99 (best) score. The rating shows how a stock's price performance over the trailing 52 weeks compares to all the other stocks in our database.
History reveals that the stocks that go on to make the biggest gains typically have an 80 or higher RS Rating as they launch their largest climbs. See if Analog Devices can continue to show renewed price strength and hit that benchmark.
Analog Devices is in a buy range after climbing above a 247.72 buy point in a cup without handle. The proper buying range is up to 5% above the initial entry. Once a stock moves above that range, it's best to hold off investing and wait for it to set up another buying opportunity..
While EPS growth declined in the prior quarter from 32% to 30%, the top line grew 25%, up from 22% in the prior report.
The company holds the No. 2 rank among its peers in the Electronics-Semiconductor Manufacturing industry group. Taiwan Semiconductor ADR 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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