On Friday, Sanmina received an upgrade to its Relative Strength (RS) Rating, from 77 to 83.
Hone Your Stock-Picking Skills By Focusing On These Factors
IBD's unique rating identifies price action with a 1 (worst) to 99 (best) score. The score shows how a stock's price performance over the trailing 52 weeks holds up against all the other stocks in our database.
Decades of market research shows that the best stocks typically have an RS Rating north of 80 in the early stages of their moves.
Sanmina is working on a cup without handle with a 91.12 entry. See if it can break out in volume at least 40% higher than normal.
While earnings growth decreased in the company's most recently reported quarter from 11% to 8%, revenue rose 8%, up from 7% in the previous report.
Sanmina earns the No. 6 rank among its peers in the Electronics-Contract Manufacturing industry group. Celestica, TTM Technologies and Flex Ltd 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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