On Tuesday, Corning hit a noteworthy technical benchmark, seeing its Relative Strength (RS) Rating jump into the 80-plus percentile with an improvement to 83, up from 80 the day before.
Risk Management In The Stock Market: How Much Money To Invest Now
IBD's proprietary RS Rating measures technical performance by using a 1 (worst) to 99 (best) score that shows how a stock's price action over the trailing 52 weeks matches up against other publicly traded companies.
History reveals that the market's biggest winners often have an 80 or better RS Rating as they begin their biggest runs.
Corning is working on a consolidation with a 55.33 entry. See if the stock can break out in heavy trade.
The company showed 42% EPS growth in its most recent report, while sales growth came in at 16%.
Corning holds the No. 1 rank among its peers in the Electronics-Miscellaneous Products industry group. InterDigital and Trimble are also among the group's highest-rated stocks.
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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