One important metric to look for in a stock is an 80 or higher Relative Strength Rating. SkyWater Technology just hit that mark, with a jump from 79 to 85 Tuesday.
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IBD's unique RS Rating tracks market leadership by using a 1 (worst) to 99 (best) score that shows how a stock's price performance over the trailing 52 weeks matches up against the rest of the market.
Decades of market research shows that the top-performing stocks often have an RS Rating north of 80 as they begin their biggest price moves.
While the stock is not near a proper entry right now, see if it goes on to form and break out from a proper chart pattern.
The company showed 0% earnings growth in the latest quarterly report. Revenue rose -37%.
SkyWater Technology earns the No. 17 rank among its peers in the Electronics-Semiconductor Manufacturing industry group. Taiwan Semiconductor ADR, MACOM Tech Solutions and Analog Devices 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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