The Relative Strength (RS) Rating for Littelfuse moved up into a new percentile Friday, as it got a lift from 67 to 75.
How To Invest In Stocks In Both Bull And Bear Markets
This exclusive rating from Investor's Business Daily measures share price action with a 1 (worst) to 99 (best) score. The grade shows how a stock's price performance over the last 52 weeks holds up against all the other stocks in our database.
History shows that the best stocks often have an RS Rating of above 80 in the early stages of their moves. See if Littelfuse can continue to rebound and clear that threshold.
Littelfuse broke out earlier, but is now about 3% below the prior 271.72 entry from a flat base. If a stock you're tracking climbs above a buy point then falls 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 most recent pattern is a later-stage base, and such bases are more prone to failure.
In terms of top and bottom line numbers, the company has posted five quarters of rising earnings growth. Sales gains have also increased during the same period.
The company earns the No. 7 rank among its peers in the Electronics-Parts industry group. Amphenol Cl A, Bel Fuse Cl B and Coherent 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.
RELATED:
Which Stocks Are Showing Improved Price Performance?
