On Tuesday, MACOM Tech Solutions earned an upgrade to its Relative Strength (RS) Rating, from 69 to 78.
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This exclusive rating from Investor's Business Daily identifies share price performance with a 1 (worst) to 99 (best) score. The rating shows how a stock's price behavior over the trailing 52 weeks holds up against all the other stocks in our database.
Decades of market research reveals that the stocks that go on to make the biggest gains typically have an 80 or higher RS Rating in the early stages of their moves. See if MACOM Tech Solutions can continue to show renewed price strength and clear that threshold.
MACOM Tech Solutions is trying to complete a cup without handle with a 152.50 entry. See if it can break out in heavy volume.
Earnings growth picked up last quarter from 36% to 44%. But revenue gains fell from 39% to 30%.
The company earns the No. 1 rank among its peers in the Electronics-Semiconductor Manufacturing industry group. Taiwan Semiconductor ADR and Analog Devices 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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