When building your watch list, focus on stocks with an 80 or higher RS Rating. Knowles Corp. just cleared that benchmark with an upgrade from 77 to 81.
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IBD's proprietary RS Rating measures market leadership by using a 1 (worst) to 99 (best) score that shows how a stock's price action over the last 52 weeks matches up against the rest of the market.
History shows that the best-performing stocks tend to have an RS Rating north of 80 as they launch their biggest price moves.
Knowles Corp. has risen more than 5% past a 17.62 entry in a first-stage cup with handle, meaning it's now out of a proper buy zone. Look for the stock to create a new buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week line.
Top and bottom line growth moved higher in the company's most recent quarter. Earnings were up 20%, compared to 0% in the prior report. Revenue increased from -1% to 8%.
The company earns the No. 5 rank among its peers in the Electronics-Miscellaneous Products industry group. Corning is the top-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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