Analog DevicesADI had itsRelative Strength (RS) RatingUpgraded from 70 to 76 on Friday — a welcome improvement, but still below the 80 or higher score you prefer to see.
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This exclusive rating from Investor's Business Daily tracks price movement with a 1 (worst) to 99 (best) score. The rating shows how a stock's price performance over the trailing 52 weeks compares to all the other stocks in our database.
History shows that stocks which go on to make the biggest gains typically have an RS Rating of 80 or higher as they begin their biggest climbs. See if Analog Devices can continue to show renewed price strength and reach that benchmark.
Analog Devices is in a buy range after climbing above a 247.72 buy point in acup without handle. The proper buying range is up to 5% above the initial entry. Once a stock moves above that range, it's best to hold off investing and wait for it to set up another buying opportunity.
While EPS growth declined in the previous quarter from 32% to 30%, the top line grew 25%, up from 22% in the previous report.
The company holds the No. 2 rank among its peers in the Electronics-Semiconductor Manufacturing industry group.Taiwan Semiconductor ADRTSM is the No. 1-ranked stock within the group.
This article was automatically created using Stats Perform's Wordsmith software with data and article templates provided by Investor's Business Daily. An IBD journalist may have edited the article.
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