MaxLinear had its Relative Strength (RS) Rating upgraded from 64 to 71 Monday — a welcome improvement, but still below the 80 or higher score you prefer to see.
When To Sell Stocks To Lock In Profits And Minimize Losses
This proprietary rating tracks market leadership by using a 1 (worst) to 99 (best) score that shows how a stock's price action over the last 52 weeks compares to the rest of the market.
Over 100 years of market history shows that the market's biggest winners often have an 80 or higher RS Rating as they begin their largest price moves. See if MaxLinear can continue to rebound and hit that benchmark.
While MaxLinear is not near a proper buy zone right now, see if it manages to form and break out of a proper consolidation.
The company reported 0% EPS growth in the latest quarterly report. Revenue rose 1%. The company is expected to report its latest numbers on or around Jul. 23.
MaxLinear holds the No. 31 rank among its peers in the Electronics-Semiconductor Fabless industry group. Advanced Micro Devices, Credo Tech Group and NVIDIA 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.
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