On Monday, Logitech International got a positive adjustment to its Relative Strength (RS) Rating, from 61 to 75.
Can You Really Time The Stock Market?
IBD's unique RS Rating measures market leadership by showing how a stock's price movement over the last 52 weeks measures up against that of the other stocks in our database.
Over 100 years of market history reveals that the market's biggest winners typically have an RS Rating of above 80 in the early stages of their moves. See if Logitech International can continue to show renewed price strength and clear that threshold.
Logitech International has risen more than 5% past an 88.42 entry in a first-stage cup with handle, meaning it's now out of a proper buy zone. Look for the stock to offer a new buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week moving average.
Logitech International posted -6% EPS growth in its most recent report, while sales growth came in at 0%. Keep an eye out for the company's next round of numbers on or around Jul. 29.
The company earns the No. 4 rank among its peers in the Computer-Hardware/Peripherals industry group. Super Micro Computer 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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