Cirrus Logic saw a positive improvement to its Relative Strength (RS) Rating on Friday, with an upgrade from 66 to 73.
Can You Really Time The Stock Market?
IBD's proprietary rating tracks price movement with a 1 (worst) to 99 (best) score. The score shows how a stock's price performance over the last 52 weeks holds up against all the other stocks in our database.
Over 100 years of market history shows that the best-performing stocks typically have an RS Rating of above 80 as they launch their biggest price moves. See if Cirrus Logic can continue to rebound and hit that benchmark.
Cirrus Logic is trading within a buying range after moving past a 118.62 buy point in a cup with handle. Once a stock moves 5% or higher beyond the initial entry, it's considered extended and out of buy range.
The company reported 35% earnings growth in its most recent report. Sales gains came in at 9%.
The company earns the No. 11 rank among its peers in the Electronics-Semiconductor Fabless industry group. Astera Labs, Broadcom and Credo Tech Group 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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