Applied Optoelectronics saw a positive improvement to its Relative Strength (RS) Rating on Monday, with an increase from 78 to 81.
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This proprietary rating measures market leadership by showing how a stock's price movement over the last 52 weeks measures up against that of other stocks on the major indexes.
Decades of market research reveals that the best stocks often have an 80 or better RS Rating as they launch their biggest runs.
Applied Optoelectronics is not currently offering a proper buying opportunity. See if the stock goes on to build a sound pattern that could kick off a new climb.
The company showed 0% earnings growth in the latest quarterly report. Revenue rose 146%.
Applied Optoelectronics earns the No. 5 rank among its peers in the Telecom-Fiber Optics industry group. Lumentum Holdings is the top-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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