One important metric to look for in a stock is an 80 or higher Relative Strength Rating. STMicroelectronics stock now clears that threshold, with a jump from 78 to 81 Tuesday.
Hone Your Stock-Picking Skills By Focusing On These Factors
This proprietary rating tracks technical performance by showing how a stock's price movement over the last 52 weeks measures up against that of the other stocks in our database.
Decades of market research reveals that the best stocks tend to have an RS Rating of above 80 in the early stages of their moves.
Is STMicroelectronics Stock A Buy?
STMicroelectronics stock has risen more than 5% past a 26.29 entry in a first-stage cup with handle, meaning it's now extended and out of a proper buy zone. Look for the chip stock to create a new chance to get in like a three-weeks tight or pullback to the 50-day or 10-week line.
The chipmaker reported negative growth for both the top and bottom lines last quarter. STMicroelectronics is expected to report its next quarterly numbers on or around Jul. 24.
STMicroelectronics stock holds the No. 13 rank among its peers in the Electronics-Semiconductor Manufacturing industry group. MACOM Tech Solutions, Taiwan Semiconductor ADR and Analog Devices are among the top 5 highly rated stocks within the group. For more industry news, check out "
Chip Stocks To Watch And Semiconductor Industry News."
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