The Relative Strength (RS) Rating for GlobalFoundries entered a new percentile Monday, with an increase from 80 to 83.
When you're researching the best stocks to buy and watch, keep a close on eye on relative price strength.
This exclusive rating from Investor's Business Daily identifies share price performance with a 1 (worst) to 99 (best) score. The grade shows how a stock's price movement over the trailing 52 weeks compares to all the other stocks in our database.
History reveals that the market's biggest winners typically have an RS Rating of over 80 as they launch their biggest price moves.
Looking For Winning Stocks? Try This Simple Routine
GlobalFoundries is building a consolidation with a 72.50 entry, a third attempt at a first-stage base. See if the stock can finally break out and in heavy trading.
GlobalFoundries showed 24% EPS growth last quarter, while sales growth came in at -5%.
GlobalFoundries earns the No. 9 rank among its peers in the Electronics-Semiconductor Manufacturing industry group. STMicroelectronics and Analog Devices are also among the group's highest-rated stocks.
Stocks To Buy And Watch: Top IPOs, Big And Small Caps, Growth Stocks
