On Monday, Flex Ltd reached an important technical milestone, with its Relative Strength (RS) Rating entering into the 80-plus percentile with an upgrade to 82, up from 77 the day before.
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This exclusive rating from Investor's Business Daily tracks market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price performance over the trailing 52 weeks stacks up against all the other stocks in our database.
Decades of market research reveals that the best-performing stocks tend to have an RS Rating of over 80 as they launch their biggest climbs.
Flex Ltd is not currently offering a proper buying opportunity. See if the stock goes on to build a base that could kick off a new price move.
In terms of fundamentals, the company has posted rising EPS growth over the last two quarters. Revenue growth has also risen over the same time frame. The company is expected to report its next quarterly numbers on or around May 7.
Flex Ltd holds the No. 4 rank among its peers in the Electronics-Contract Manufacturing industry group. Celestica is the top-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.
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