On Wednesday, Monolithic Power Systems got an upgrade for its IBD SmartSelect Composite Rating from 94 to 97.
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The revised score means the stock currently tops 97% of all other stocks in terms of key performance metrics and technical strength. History shows the top market performers tend to have a 95 or higher score as they launch their major climbs.
Monolithic Power Systems broke out earlier, but is now trading around -5% below the prior 776.01 entry from a cup with handle. In the case where a stock breaks out then falls 7% or more below the entry price, it's considered a failed breakout. If that happens, it's best to wait for a new base to take shape.
The stock earns a 99 EPS Rating, which means its recent quarterly and longer-term annual earnings growth is outpacing 99% of all stocks.
Its Accumulation/Distribution Rating of B shows moderate buying by institutional investors over the last 13 weeks.
The company posted 44% earnings-per-share growth for Q1. That marks seven straight quarters of rising EPS gains. Sales growth climbed 39%, up from 37% in the prior report. That marks six consecutive reports with rising growth.
Monolithic Power Systems holds the No. 2 rank among its peers in the Electronics-Semiconductor Fabless industry group. Broadcom 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.
