TE Connectivity saw a welcome improvement to its Relative Strength (RS) Rating on Monday, rising from 79 to 82.
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This exclusive rating from Investor's Business Daily measures share price movement 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 shows that the market's biggest winners tend to have an RS Rating of over 80 in the early stages of their moves.
TE Connectivity is in a buying range after climbing above a 159.98 buy point in a consolidation. The proper buying range extends to 5% above the initial entry. Once a stock hits that benchmark, it's best to wait for it to set up another buying opportunity.
The company saw both earnings and sales growth rise last quarter. Earnings-per-share increased from 6% to 13%. Revenue rose from 0% to 4%.
The company earns the No. 2 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.
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