In a welcome move, Semtech saw its Relative Strength Rating rise from 66 to 71 on Monday.
Can You Really Time The Stock Market?
This exclusive rating from Investor's Business Daily tracks price movement with a 1 (worst) to 99 (best) score. The grade shows how a stock's price movement over the last 52 weeks compares to all the other stocks in our database.
History reveals that the best stocks typically have an RS Rating of above 80 in the early stages of their moves. See if Semtech can continue to show renewed price strength and hit that benchmark.
While it's not currently an ideal time to invest, see if the stock goes on to form a base and break out.
Earnings growth decreased last quarter from 1,200% to 0%. But revenue gains moved higher, from 18% to 30%. Look for the next report on or around May 27.
Semtech holds the No. 8 rank among its peers in the Electronics-Semiconductor Fabless industry group. Broadcom, NVIDIA and SiTime 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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