Monolithic Power Systems saw its IBD SmartSelect Composite Rating rise to 98 Tuesday, up from 90 the day before.
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The upgrade means the stock is now outperforming 98% of all other stocks in terms of key performance metrics and technical strength. The best stocks tend to have a 95 or better grade as they start a significant move so be sure to keep that in mind when looking for the best stocks to buy and watch.
Monolithic Power Systems broke out earlier, but has fallen back below the prior 755.00 entry from a cup without handle. In the scenario where a stock breaks out then falls 7% or more below the entry price, it's considered a failed breakout. If that happens, it's best to wait for a new base to take shape.
The stock has a 98 EPS Rating, which means its recent quarterly and annual earnings growth tops 98% of all stocks.
Its Accumulation/Distribution Rating of B shows moderate buying by institutional investors over the last 13 weeks.
In Q1, the company posted 44% EPS growth. That marks seven straight reports with rising EPS performance. Revenue growth rose 39%, up from 37% in the prior quarter. The company has now posted increasing growth in each of the last six quarters. The company's next quarterly report is expected on or around Jul. 31.
Monolithic Power Systems earns the No. 8 rank among its peers in the Electronics-Semiconductor Fabless industry group. Astera Labs, Advanced Micro Devices and Arm Holdings ADR are among the top 5 highly-rated stocks within the group.
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