The Relative Strength (RS) Rating for Arrow Electronics jumped into a new percentile Tuesday, as it got a lift from 69 to 74.
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This exclusive rating from Investor's Business Daily tracks market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price behavior over the last 52 weeks stacks up against all the other stocks in our database.
History shows that the stocks that go on to make the biggest gains often have an RS Rating of over 80 in the early stages of their moves. See if Arrow Electronics can continue to show renewed price strength and hit that benchmark.
Arrow Electronics is trying to complete a cup without handle with a 137.80 entry. See if the stock can clear the breakout price in heavy trading.
Although earnings and sales growth came in at -25% and -2%, respectively, in the latest report, that marked two straight quarters of improvement for EPS and four for the top line.
Arrow Electronics holds the No. 7 rank among its peers in the Electronics-Parts industry group. Amphenol Cl A, TE Connectivity and Bel Fuse Cl B are among the top 5 highly rated stocks 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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