Applied Optoelectronics saw a welcome improvement to its Relative Strength (RS) Rating on Monday, rising from 86 to 91.
How To Use Stock Charts To Stay Profitable And Protected
IBD's proprietary rating measures market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock's price behavior over the trailing 52 weeks compares to all the other stocks in our database.
Decades of market research reveals that the stocks that go on to make the biggest gains typically have an 80 or higher RS Rating in the early stages of their moves.
Applied Optoelectronics is not currently offering a proper buying opportunity. See if the stock goes on to build a promising consolidation that could ignite a new run.
Applied Optoelectronics showed 0% EPS growth last quarter, while sales growth came in at 138%.
The company earns the No. 6 rank among its peers in the Telecom-Fiber Optics industry group. Lumentum Holdings, Ciena and Viavi Solutions 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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