Analog Devices had its Relative Strength (RS) Rating upgraded from 79 to 82 Monday.
Risk Management In The Stock Market: How Much Money To Invest Now
This unique rating tracks market leadership by using a 1 (worst) to 99 (best) score that shows how a stock's price performance over the last 52 weeks matches up against the rest of the market.
Decades of market research shows that the best-performing stocks often have an RS Rating north of 80 as they begin their biggest price moves.
Analog Devices has moved more than 5% past a 228.80 entry in a first-stage cup with handle, meaning it's now out of a proper buy range. Look for the stock to create a new chance to pick up shares like a three-weeks tight or pullback to the 50-day or 10-week line.
In terms of fundamentals, the company has posted four quarters of rising earnings growth. Sales gains have also increased over the same time frame.
Analog Devices holds the No. 3 rank among its peers in the Electronics-Semiconductor Manufacturing industry group. MACOM Tech Solutions is the No. 1-ranked stock 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
IBD Stock Rating Upgrades: Rising Relative Strength
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!
