Texas Instruments saw a positive improvement to its Relative Strength (RS) Rating on Friday, rising from 76 to 81.
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This unique rating measures market leadership by showing how a stock's price movement over the last 52 weeks measures up against that of the other stocks in our database.
History reveals that the best stocks typically have an RS Rating north of 80 as they launch their biggest climbs.
Texas Instruments broke out earlier, but has fallen back below the prior 220.38 entry from a consolidation. If a stock you're watching breaks past a buy point then retreats 7% or more below the original entry price, it's considered a failed base. It's best to wait for the stock to form a new pattern and breakout. Also understand that the latest pattern is a later-stage base, and those involve more risk.
Regarding top and bottom line numbers, the company has posted four quarters of increasing earnings growth. Revenue gains have also risen during the same period. The company is expected to release its next quarterly numbers on or around Jul. 22.
The company earns the No. 5 rank among its peers in the Electronics-Semiconductor Manufacturing industry group. MACOM Tech Solutions is the top-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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