The Relative Strength (RS) Rating for Sandisk climbed into a higher percentile Thursday, as it got a lift from 64 to 71.
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This proprietary rating measures market leadership by using a 1 (worst) to 99 (best) score that identifies how a stock's price action over the last 52 weeks compares to the rest of the 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 Sandisk can continue to rebound and clear that threshold.
Sandisk is not currently showing a potential entry point. See if the stock goes on to build a sound pattern that could kick off a new climb.
While earnings growth declined in the prior quarter from 0% to -77%, the top line rose 8%, up from -1% in the previous report.
The company holds the No. 9 rank among its peers in the Computer Software-Storage industry group. Western Digital, Micron Technology and Seagate Technology 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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