TE Connectivity had its Relative Strength (RS) Rating upgraded from 78 to 81 Wednesday.
Looking For The Best Stocks To Buy And Watch? Start Here
IBD's proprietary rating tracks share price action with a 1 (worst) to 99 (best) score. The rating shows how a stock's price behavior over the trailing 52 weeks compares to all the other stocks in our database.
History shows that the best stocks often have an 80 or higher RS Rating as they begin their biggest runs.
Now is not an ideal time to jump in since it isn't near a proper buy zone, but see if the stock manages to offer and clear a proper buy point.
Top and bottom line growth moved higher last quarter. Earnings were up 13%, compared to 6% in the prior report. Revenue increased from 0% to 4%.
TE Connectivity holds the No. 3 rank among its peers in the Electronics-Parts industry group. Amphenol Cl A 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:
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!
