On Thursday, Logitech International got a positive adjustment to its Relative Strength (RS) Rating, from 79 to 82.
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IBD's unique rating identifies market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock's price performance over the last 52 weeks holds up against all the other stocks in our database.
Decades of market research reveals that the stocks that go on to make the biggest gains often have an RS Rating north of 80 as they begin their biggest climbs.
Logitech International has moved more than 5% past an 88.42 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 chance to pick up shares like a three-weeks tight or pullback to the 50-day or 10-week line.
The company saw both earnings and sales growth rise last quarter. Earnings-per-share increased from -6% to 12%. Revenue rose from 0% to 5%. Look for the next report on or around Oct. 28.
The company holds the No. 6 rank among its peers in the Computer-Hardware/Peripherals industry group. D-Wave Quantum, Super Micro Computer and Dell Technologies Cl C 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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