When putting together your watch list, focus on stocks with an 80 or higher RS Rating. Super Micro Computer is one stock that just reached the mark, now earning a score of 80.
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This unique rating measures technical performance by showing how a stock's price action over the last 52 weeks measures up against that of other stocks on the major indexes.
History shows that the stocks that go on to make the biggest gains often have an RS Rating north of 80 as they begin their biggest climbs.
Now is not an ideal time to jump in since it isn't near a proper buy zone, but see if the stock is able to establish and enter a buy zone in heavy trade.
Super Micro Computer posted -53% EPS growth last quarter, while sales growth came in at 19%.
Super Micro Computer earns the No. 1 rank among its peers in the Computer-Hardware/Peripherals industry group. D-Wave Quantum and Logitech International are also among the group's highest-rated stocks.
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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