Monolithic Power Systems saw a positive improvement to its Relative Strength (RS) Rating on Wednesday, rising from 66 to 72.
Can You Really Time The Stock Market?
IBD's unique rating tracks market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price performance over the trailing 52 weeks compares to all the other stocks in our database.
Over 100 years of market history reveals that the best-performing stocks typically have an 80 or better RS Rating in the early stages of their moves. See if Monolithic Power Systems can continue to rebound and hit that benchmark.
Monolithic Power Systems broke out earlier, but has fallen back below the prior 755.00 entry from a cup without handle. If a stock you're watching climbs above a buy point then retreats 7% or more below the original entry price, it's considered a failed base. It's best to wait for the stock to form a new base and breakout. Also keep in mind that the latest consolidation is a later-stage base, which makes it riskier to establish a new position or add shares to an existing one.
Regarding fundamentals, Monolithic Power Systems has posted rising EPS growth in each of the last seven reports. Top line growth has also risen over the same time frame.
Monolithic Power Systems holds the No. 5 rank among its peers in the Electronics-Semiconductor Fabless industry group. Arm Holdings ADR 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.
RELATED:
Chip Stocks To Watch And Semiconductor Industry News
Which Stocks Are Showing Rising Relative Strength?
Why Should You Use IBD's Relative Strength Rating?
How Relative Strength Line Can Help You Judge A Stock
Ready To Grow Your Investing Skills? Join An IBD Meetup Group!
