STMicroelectronics saw a positive improvement to its Relative Strength (RS) Rating on Thursday, with an upgrade from 79 to 85.
Hone Your Stock-Picking Skills By Focusing On These Factors
IBD's unique rating identifies market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price behavior over the last 52 weeks compares to all the other stocks in our database.
Decades of market research reveals that the market's biggest winners typically have an RS Rating north of 80 as they launch their biggest climbs.
STMicroelectronics has moved more than 5% past a 26.29 entry in a first-stage cup with handle, meaning it's now out of a proper buy zone. Look for the stock to offer a new chance to pick up shares like a three-weeks tight or pullback to the 50-day or 10-week line.
The company posted negative growth for both sales and earnings last quarter. STMicroelectronics is expected to release its next quarterly numbers on or around Jul. 24.
STMicroelectronics earns the No. 13 rank among its peers in the Electronics-Semiconductor Manufacturing industry group. Taiwan Semiconductor ADR, MACOM Tech Solutions and Analog Devices 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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