The Relative Strength (RS) Rating for MACOM Tech Solutions jumped into a new percentile Wednesday, as it got a lift from 61 to 72.
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IBD's unique rating identifies price movement with a 1 (worst) to 99 (best) score. The grade shows how a stock's price movement over the trailing 52 weeks compares to all the other stocks in our database.
Over 100 years of market history shows that the best stocks often have an 80 or better RS Rating as they begin their largest price moves. See if MACOM Tech Solutions can continue to show renewed price strength and clear that threshold.
MACOM Tech Solutions is trying to complete a cup with handle with a 144.15 entry. See if it can clear the breakout price in volume at least 40% above average.
Earnings growth slowed in the most recent report from 44% to 36%. But revenue gains moved higher, from 30% to 32%.
The company holds the No. 2 rank among its peers in the Electronics-Semiconductor Manufacturing industry group. Taiwan Semiconductor ADR 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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