Amkor Technology saw a welcome improvement to its Relative Strength (RS) Rating on Wednesday, with an increase from 69 to 78.
When To Sell Stocks To Lock In Profits And Minimize Losses
IBD's unique RS Rating tracks market leadership by showing how a stock's price movement over the last 52 weeks compares to that of the other stocks in our database.
History reveals that the top-performing stocks tend to have an RS Rating north of 80 as they launch their largest price moves. See if Amkor Technology can continue to rebound and clear that threshold.
Amkor Technology is in a buy zone after climbing above a 26.31 buy point in a cup without handle. The proper buying range extends to 5% above the initial entry. Once a stock moves above that range, it's best to wait for it to set up another buying opportunity..
The company saw both earnings and sales growth rise last quarter. Earnings-per-share increased from -63% to -19%. Revenue rose from -3% to 3%.
The company earns the No. 11 rank among its peers in the Electronics-Semiconductor Manufacturing industry group. Taiwan Semiconductor ADR, MACOM Tech Solutions and Analog Devices 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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