In a welcome move, Applied Optoelectronics saw its Relative Strength Rating rise from 69 to 74 on Friday.
When To Sell Stocks To Lock In Profits And Minimize Losses
This unique rating identifies market leadership by using a 1 (worst) to 99 (best) score that identifies how a stock's price action over the last 52 weeks matched up against all other stocks.
History reveals that the best stocks tend to have an 80 or higher RS Rating as they begin their largest climbs. See if Applied Optoelectronics can continue to rebound and clear that threshold.
Applied Optoelectronics is not currently near a potential buying area. See if the stock goes on to build a sound pattern that could spark a new run.
The company posted 0% EPS growth in its most recent report, while sales growth came in at 146%.
The company holds the No. 5 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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