On Friday, Super Micro Computer earned an upgrade to its Relative Strength (RS) Rating, from 75 to 87.
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IBD's proprietary rating identifies market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price performance over the trailing 52 weeks stacks up against all the other stocks in our database.
Decades of market research reveals that the best-performing stocks typically have an 80 or higher RS Rating as they launch their biggest runs.
Super Micro Computer is not currently offering a proper buying opportunity. See if the stock goes on to form a base that could launch a new move.
Super Micro Computer showed -53% earnings growth in the latest quarterly report, while sales growth came in at 19%.
The company earns the No. 1 rank among its peers in the Computer-Hardware/Peripherals industry group. D-Wave Quantum and Dell Technologies Cl C are also among the group's highest-rated stocks.
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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