TTM Technologies saw a welcome improvement to its Relative Strength (RS) Rating on Wednesday, with an upgrade from 69 to 74.
When To Sell Stocks To Lock In Profits And Minimize Losses
This exclusive rating from Investor's Business Daily measures price performance with a 1 (worst) to 99 (best) score. The grade shows how a stock's price movement over the trailing 52 weeks stacks up against all the other stocks in our database.
Decades of market research shows that the stocks that go on to make the biggest gains often have an RS Rating north of 80 in the early stages of their moves. See if TTM Technologies can continue to rebound and clear that threshold.
While the stock is not near a proper buy point right now, see if it is able to form and break out from a proper consolidation.
Top and bottom line growth moved higher in the company's most recent quarter. Earnings were up 46%, compared to -5% in the prior report. Revenue increased from 8% to 14%. Look for the next report on or around Apr. 30.
The company earns the No. 6 rank among its peers in the Electronics-Contract Manufacturing industry group. Celestica, Fabrinet and Flex Ltd are among the top 5 highly rated stocks 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:
IBD Stock Rating Upgrades: Rising Relative Strength
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!
