Arrow Electronics saw a welcome improvement to its Relative Strength (RS) Rating on Monday, rising from 66 to 73.
When To Sell Stocks To Lock In Profits And Minimize Losses
IBD's unique rating identifies 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.
Over 100 years of market history reveals that the best stocks tend to have an 80 or better RS Rating as they launch their largest runs. See if Arrow Electronics can continue to rebound and clear that threshold.
Arrow Electronics is still inside a buy zone after breaking past a 123.60 entry in a cup with handle. Once a stock moves 5% or higher beyond the original entry, it's considered out of buy range.
Although earnings and sales growth came in at -25% and -2%, respectively, in the latest report, that marked two straight quarters of acceleration for EPS and four for the top line.
The company earns the No. 9 rank among its peers in the Electronics-Parts industry group. Amphenol Cl A, Bel Fuse Cl B and Coherent are among the top 5 highly rated stocks 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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