On Thursday, Logitech International received an upgrade to its Relative Strength (RS) Rating, from 75 to 81.
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This exclusive rating from Investor's Business Daily identifies price performance with a 1 (worst) to 99 (best) score. The rating shows how a stock's price behavior over the last 52 weeks holds up against all the other stocks in our database.
Over 100 years of market history shows that the market's biggest winners typically have an 80 or better RS Rating in the early stages of their moves.
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 range. Look for the stock to create a new chance to pick up shares like a three-weeks tight or pullback to the 50-day or 10-week moving average.
The company reported -6% earnings growth last quarter, while sales growth came in at 0%. The next quarterly results are expected on or around Jul. 29.
Logitech International earns the No. 2 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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