Analog Devices stock saw a welcome improvement to its Relative Strength (RS) Rating on Friday, with an increase from 70 to 73.
When To Sell Stocks To Lock In Profits And Minimize Losses
This exclusive rating from Investor's Business Daily identifies share price action with a 1 (worst) to 99 (best) score. The grade shows how a stock's price movement over the last 52 weeks holds up against all the other stocks in our database.
History reveals that the market's biggest winners often have an RS Rating of at least 80 in the early stages of their moves. See if Analog Devices can continue to rebound and hit that benchmark.
Is Analog Devices Stock A Buy?
Analog Devices stock broke out early June from a cup-with-handle pattern and is still within the higher end of its buying range. Read "Looking For The Next Big Stock Market Winners? Start With These 3 Steps" for more tips.
Taking a look at top and bottom line numbers, the company has posted rising EPS growth in each of the last four reports. Revenue gains have also increased over the same time frame.
Analog Devices stock 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. For more industry news, check out "Chip Stocks To Watch And Semiconductor Industry News."
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