Monolithic Power Systems saw a positive improvement to its Relative Strength (RS) Rating on Friday, with an upgrade from 66 to 77.
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This proprietary rating tracks market leadership by showing how a stock's price action over the last 52 weeks measures up against that of the other stocks in our database.
History reveals that the best-performing stocks often have an RS Rating north of 80 as they launch their largest runs. See if Monolithic Power Systems can continue to rebound and hit that benchmark.
Monolithic Power Systems broke out earlier, but has fallen back below the prior 755.00 entry from a cup without handle. If a stock you're tracking clears a buy point then retreats 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 base and entry price. Also keep in mind that the latest pattern is a later-stage base, and such bases are more prone to failure.
In terms of revenue and profits, the company has posted seven quarters of rising earnings growth. Revenue growth has also moved higher over the same time frame. The company is expected to release its next quarterly numbers on or around Aug. 4.
The company earns the No. 4 rank among its peers in the Electronics-Semiconductor Fabless industry group. Broadcom 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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