The Relative Strength (RS) Rating for Sanmina jumped into a new percentile Tuesday, with an increase from 76 to 81.
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IBD's proprietary RS Rating identifies technical performance by using a 1 (worst) to 99 (best) score that indicates how a stock's price action over the trailing 52 weeks matches up against the rest of the market.
History reveals that the best stocks typically have an RS Rating of at least 80 as they begin their biggest climbs.
Sanmina is building a cup without handle with a 91.12 entry. See if it can clear the breakout price in heavy volume.
Earnings growth dropped last quarter from 11% to 8%. But revenue gains moved higher, from 7% to 8%.
The company holds the No. 5 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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