NXP Semiconductors stock had its Relative Strength (RS) Rating upgraded from 80 to 83 Tuesday.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
This unique rating measures technical performance by using a 1 (worst) to 99 (best) score that identifies how a stock's price performance over the last 52 weeks matches up against that of all other stocks.
Over 100 years of market history reveals that the top-performing stocks tend to have an RS Rating north of 80 as they begin their biggest climbs.
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Is NXP Semiconductors Stock A Buy?
NXP Semiconductors stock is trying to complete a consolidation with a 238.27 entry. See if it can break out in volume at least 40% above average.
The chipmaker saw both earnings and sales growth rise last quarter. Earnings-per-share increased from 33% to 34%. Revenue rose from 0% to 3%.
NXP Semiconductors stock earns the No. 1 rank among its peers in the Electronics-Semiconductor Manufacturing industry group. For more industry news, check out "Chip Stocks To Watch And Semiconductor Industry News."
