The Relative Strength (RS) Rating for Semtech entered a new percentile Monday, with a rise from 72 to 85.
Looking For The Best Stocks To Buy And Watch? Start Here
This exclusive rating from Investor's Business Daily identifies market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price behavior over the trailing 52 weeks holds up against all the other stocks in our database.
History reveals that the top-performing stocks often have an 80 or better RS Rating as they begin their biggest climbs.
While it's not currently an ideal time to jump in, see if the stock manages to offer and clear a proper buy point.
Earnings growth rose last quarter from 0% to 533%. But revenue gains fell from 30% to 22%.
The company earns the No. 10 rank among its peers in the Electronics-Semiconductor Fabless industry group. Broadcom, Arm Holdings ADR and Monolithic Power Systems 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.
RELATED:
Chip Stocks To Watch And Semiconductor Industry News
Stocks With Rising Relative Strength Ratings
Why Should You Use IBD's Relative Strength Rating?
How Relative Strength Line Can Help You Judge A Stock
Ready To Grow Your Investing Skills? Join An IBD Meetup Group!
