The Relative Strength (RS) Rating for Coherent moved up into a higher percentile Thursday, as it got a lift from 69 to 75.
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This proprietary rating identifies 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.
Decades of market research shows that the best stocks tend to have an RS Rating north of 80 in the early stages of their moves. See if Coherent can continue to show renewed price strength and hit that benchmark.
Coherent is not currently offering a proper buying opportunity. See if the stock goes on to form a base that could launch a new move.
Coherent posted 139% earnings growth in its most recent report. Revenue increased 24%.
Coherent earns the No. 2 rank among its peers in the Electronics-Parts industry group. Amphenol Cl A 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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