Tower Semiconductor had its Relative Strength (RS) Rating upgraded from 65 to 79 Tuesday — a welcome improvement, but still below the 80 or better score you look for.
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This exclusive rating from Investor's Business Daily identifies share price performance with a 1 (worst) to 99 (best) score. The score shows how a stock's price performance over the last 52 weeks compares to all the other stocks in our database.
Decades of market research shows that the best stocks tend to have an 80 or better RS Rating in the early stages of their moves. See if Tower Semiconductor can continue to show renewed price strength and hit that benchmark.
Tower Semiconductor is still within a buy range after moving past a 47.18 entry in a cup with handle. Once a stock moves 5% or higher beyond the initial entry, it's considered out of buy range.
Tower Semiconductor showed -2% EPS growth in its most recent report, while sales growth came in at 9%. Look for the next report on or around Aug. 4.
The company holds the No. 3 rank among its peers in the Electronics-Semiconductor Manufacturing industry group. Taiwan Semiconductor 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.
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