Indie Semiconductor Cl A Earns RS Rating Upgrade
On Wednesday, Indie Semiconductor Cl A received a positive adjustment to its Relative Strength (RS) Rating, from 70 to 73.
When looking for the best stocks to buy and watch, keep a close on eye on relative price strength.
IBD's unique RS Rating tracks market leadership by showing how a stock's price action over the last 52 weeks compares to that of the other stocks in our database.
History shows that the market's biggest winners tend to have an RS Rating north of 80 as they begin their largest price moves. See if Indie Semiconductor Cl A can continue to show renewed price strength and hit that benchmark.
Indie Semiconductor Cl A is building a cup with handle with a 12.80 entry. See if the stock can break out in volume at least 40% higher than normal.
Earnings grew 159% last quarter, up from 0% in the prior report. Revenue also increased, from 74% to 147%.
The company holds the No. 17 rank among its peers in the Electronics-Semiconductor Manufacturing industry group. United Microelectronics and Diodes are also among the group's highest-rated stocks.