Knowles Corp. had its Relative Strength (RS) Rating upgraded from 61 to 73 Monday — a welcome improvement, but still shy of the 80 or higher score you look for.
How To Invest In Stocks In Both Bull And Bear Markets
IBD's proprietary rating measures market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock's price behavior over the trailing 52 weeks stacks up against all the other stocks in our database.
History shows that the stocks that go on to make the biggest gains often have an RS Rating north of 80 in the early stages of their moves. See if Knowles Corp. can continue to rebound and hit that benchmark.
Knowles Corp. is still within a buying range after clearing a 17.62 buy point in a cup with handle. The proper buying range is up to 5% above the initial entry. Once a stock hits that benchmark, it's best to hold off investing and wait for it to set up another buying opportunity..
The company showed 0% EPS growth in the latest quarterly report, while sales growth came in at -1%. Keep an eye out for the company's next round of numbers on or around Jul. 24.
The company holds the No. 8 rank among its peers in the Electronics-Miscellaneous Products industry group. InterDigital, Corning and Trimble 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.
RELATED:
Stocks With Rising Relative Strength Ratings
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!
