On Tuesday, MACOM Tech Solutions stock earned an upgrade to its Relative Strength (RS) Rating, from 78 to 81.
Risk Management In The Stock Market: How Much Money To Invest Now
IBD's unique rating measures price action with a 1 (worst) to 99 (best) score. The rating shows how a stock's price behavior over the last 52 weeks compares to all the other stocks in our database.
Over 100 years of market history reveals that the best-performing stocks typically have an 80 or better RS Rating in the early stages of their moves.
Is MACOM Tech Solutions Stock A Buy?
MACOM Tech Solutions stock broke out earlier with a 125.71 entry from a cup with handle and still within buying range. If a stock you're tracking clears a buy point then declines 7% or more below the original entry price, it's considered a failed base. Wait for the stock to set up and breakout from a new chart pattern and buy point. Also keep in mind that the latest pattern is a later-stage base, and those involve more risk.
While revenue growth fell last quarter from 39% to 30%, the bottom line grew 44%, up from 36% in the previous report.
MACOM Tech Solutions stock earns the No. 1 rank among its peers in the Electronics-Semiconductor Manufacturing industry group. Taiwan Semiconductor ADR and Analog Devices are also among the group's highest-rated stocks. For more industry news, check out "Chip Stocks To Watch And Semiconductor Industry News."
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