On Tuesday, ON Semiconductor earned a positive adjustment to its Relative Strength (RS) Rating, from 68 to 71.
Can You Really Time The Stock Market?
This exclusive rating from Investor's Business Daily measures price movement with a 1 (worst) to 99 (best) score. The rating shows how a stock's price performance over the last 52 weeks compares to all the other stocks in our database.
Decades of market research shows that the market's biggest winners typically have an RS Rating north of 80 as they launch their largest climbs. See if ON Semiconductor can continue to rebound and clear that threshold.
While now is not an ideal time to buy shares, see if the stock is able to form a consolidation and break out.
The company posted negative growth for both sales and earnings last quarter. ON Semiconductor is expected to report its next quarterly numbers on or around Aug. 4.
The company holds the No. 11 rank among its peers in the Electronics-Semiconductor Manufacturing industry group. Taiwan Semiconductor ADR, MACOM Tech Solutions and Tower Semiconductor 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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