In a welcome move, Super Micro Computer stock saw its Relative Strength Rating rise from 63 to 74 on Tuesday.
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 grade shows how a stock's price behavior over the trailing 52 weeks stacks up against all the other stocks in our database.
Decades of market research shows that the best stocks typically have an RS Rating of at least 80 in the early stages of their moves. See if Super Micro Computer can continue to show renewed price strength and clear that threshold.
Is Super Micro Computer Stock A Buy?
Super Micro Computer stock is currently trading just under the 50-day moving line and not currently showing a potential buy point. See if the stock goes on to build a chart pattern that could launch a new move.
Earnings growth moved up in the company's latest report from -53% to -24%, but sales fell from 19% to 8%.
Super Micro Computer stock holds the No. 7 rank among its peers in the Computer-Hardware/Peripherals industry group. D-Wave Quantum, Logitech International and IonQ are among the top 5 highly rated stocks within the group.
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