On Thursday, Advanced Micro Devices earned an upgrade to its Relative Strength (RS) Rating, from 65 to 78.
When To Sell Stocks To Lock In Profits And Minimize Losses
This proprietary rating identifies technical performance by showing how a stock's price movement over the last 52 weeks measures up against that of the other stocks in our database.
Over 100 years of market history reveals that the best stocks often have an RS Rating of at least 80 as they launch their largest climbs. See if Advanced Micro Devices can continue to show renewed price strength and hit that benchmark.
Advanced Micro Devices is now considered extended and out of buy range after clearing a 125.72 buy point in a second-stage cup with handle. See if the stock forms a new pattern or follow-on buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week line.
In terms of fundamentals, Advanced Micro Devices has posted rising EPS growth in each of the last four reports. Revenue gains have also moved higher during the same period.
Advanced Micro Devices earns the No. 5 rank among its peers in the Electronics-Semiconductor Fabless industry group. Arm Holdings ADR 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
Which Stocks Are Showing Improved Price Performance?
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!
