Applied Optoelectronics saw a welcome improvement to its Relative Strength (RS) Rating on Monday, rising from 86 to 94.
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This exclusive rating from Investor's Business Daily measures price action with a 1 (worst) to 99 (best) score. The score shows how a stock's price behavior over the last 52 weeks stacks up against all the other stocks in our database.
Decades of market research shows that the market's biggest winners tend to have an RS Rating north of 80 as they begin their biggest price moves.
Applied Optoelectronics is not currently showing a potential buy point. See if the stock goes on to form a promising consolidation that could launch a new move.
The company posted 0% earnings growth last quarter, while sales growth came in at 146%.
The company earns the No. 4 rank among its peers in the Telecom-Fiber Optics industry group. Lumentum Holdings 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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