On Thursday, Diodes received a positive adjustment to its Relative Strength (RS) Rating, from 69 to 72.
When To Sell Stocks To Lock In Profits And Minimize Losses
This exclusive rating from Investor's Business Daily identifies market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price movement over the last 52 weeks holds up against all the other stocks in our database.
Over 100 years of market history reveals that the best stocks often have an 80 or higher RS Rating in the early stages of their moves. See if Diodes can continue to rebound and hit that benchmark.
While Diodes is not near a proper buying range right now, see if it goes on to form and break out from a proper consolidation.
Top and bottom line growth moved higher in the company's most recent quarter. Earnings were up -32%, compared to -47% in the prior report. Revenue increased from 5% to 10%. Keep an eye out for the company's next round of numbers on or around Aug. 7.
Diodes holds the No. 22 rank among its peers in the Electronics-Semiconductor Manufacturing industry group. MACOM Tech Solutions, Taiwan Semiconductor ADR 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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