In a welcome move, Tower Semiconductor saw its Relative Strength Rating improve from 66 to 72 on Monday.
Can You Really Time The Stock Market?
IBD's unique RS Rating measures market leadership by using a 1 (worst) to 99 (best) score that identifies how a stock's price action over the last 52 weeks stacks up against all the other stocks in our database.
History shows that the top-performing stocks often have an RS Rating of over 80 in the early stages of their moves. See if Tower Semiconductor can continue to show renewed price strength and clear that threshold.
While Tower Semiconductor is not near a proper buy point right now, see if it is able to form and break out of a proper consolidation.
The company posted -6% EPS growth in its most recent report, while sales growth came in at 6%.
Tower Semiconductor earns the No. 3 rank among its peers in the Electronics-Semiconductor Manufacturing industry group. Taiwan Semiconductor 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.
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