Monolithic Power Systems saw a positive improvement to its Relative Strength (RS) Rating on Monday, with an increase from 65 to 71.
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IBD's unique rating measures market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price performance over the trailing 52 weeks stacks up against all the other stocks in our database.
Over 100 years of market history shows that the stocks that go on to make the biggest gains often have an RS Rating of above 80 in the early stages of their moves. See if Monolithic Power Systems can continue to show renewed price strength and clear that threshold.
Monolithic Power Systems is trying to complete a flat base with a 755.00 entry. See if the stock can clear the breakout price in volume at least 40% above average.
Regarding fundamentals, Monolithic Power Systems has posted seven quarters of rising earnings growth. Sales growth has also increased over the same time frame.
The company holds the No. 5 rank among its peers in the Electronics-Semiconductor Fabless industry group. Arm Holdings 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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