Taiwan Semiconductor ADR saw a positive improvement to its Relative Strength (RS) Rating on Friday, rising from 77 to 81.
Hone Your Stock-Picking Skills By Focusing On These Factors
IBD's unique RS Rating identifies technical performance by showing how a stock's price movement over the last 52 weeks measures up against that of the other stocks in our database.
Decades of market research reveals that the best stocks tend to have an RS Rating north of 80 in the early stages of their moves.
Taiwan Semiconductor ADR is trying to complete a cup without handle with a 226.40 entry. See if it can clear the breakout price in volume at least 40% above average.
Top and bottom line growth moved higher last quarter. Earnings were up 54%, compared to 47% in the prior report. Revenue increased from 30% to 36%.
The company earns the No. 2 rank among its peers in the Electronics-Semiconductor Manufacturing industry group. MACOM Tech Solutions 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.
RELATED:
Chip Stocks To Watch And Semiconductor Industry News
Stocks With Rising Relative Strength Ratings
Why Should You Use IBD's Relative Strength Rating?
How Relative Strength Line Can Help You Judge A Stock
Ready To Grow Your Investing Skills? Join An IBD Meetup Group!
