Analog Devices stock had its Relative Strength (RS) Rating upgraded from 69 to 73 Monday -- a welcome improvement, but still short of the 80 or better score you look for.
When you're researching the best stocks to buy and watch, keep a close on eye on relative price strength.
IBD's unique RS Rating measures technical performance by showing how a stock's price movement over the last 52 weeks measures up against that of the other stocks in our database.
History reveals that the market's biggest winners tend to have an RS Rating of at least 80 in the early stages of their moves. See if Analog Devices stock can continue to rebound and hit that benchmark.
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Is Analog Devices Stock A Buy?
Analog Devices stock is working on a flat base with a 202.77 buy point. See if the stock can break out in heavy trading. 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. Analog Devices is expected to release its next quarterly numbers on or around Feb. 14.
Analog Devices stock earns the No. 6 rank among its peers in the Electronics-Semiconductor Manufacturing industry group. Microchip Technology and Taiwan Semiconductor ADR are also among the group's highest-rated stocks. For more industry news, check out "Chip Stocks To Watch And Semiconductor Industry News."
