InterDigital had its Relative Strength (RS) Rating upgraded from 90 to 93 Thursday.
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This proprietary rating identifies technical performance by showing how a stock's price movement over the last 52 weeks compares to that of the other stocks in our database.
History reveals that the stocks that go on to make the biggest gains tend to have an RS Rating north of 80 at the beginning of a new climb.
InterDigital is now considered extended and out of buy range after clearing a 231.97 buy point in a second-stage consolidation. See if the stock forms a new pattern or follow-on buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week moving average.
InterDigital reported 18% EPS growth in the latest quarterly report. Sales rose -20%. The next quarterly results are expected on or around Jul. 31.
The company earns the No. 2 rank among its peers in the Electronics-Miscellaneous Products industry group. Corning 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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