On Friday, Alpha & Omega Semiconductor stock hit an important technical milestone, with its Relative Strength (RS) Rating rising into the 90-plus percentile with an improvement to 91, an increase from 88 the day before.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength. This unique rating identifies 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.
Decades of market research shows that the stocks that go on to make the biggest gains typically have an 80 or better RS Rating as they launch their largest climbs.
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Is Alpha & Omega Semiconductor Stock A Buy?
Alpha & Omega Semiconductor stock has been trading below its 50-day moving average. While the stock is not near a proper buy point right now, see if it manages to form and break out of a proper consolidation. Read "Looking For The Next Big Stock Market Winners? Start With These 3 Steps" for more tips.
The chipmaker reported 74% EPS growth in the latest quarterly report, while sales growth came in at 20%.
Alpha & Omega Semiconductor stock earns the No. 7 rank among its peers in the Electronics-Semiconductor Fabless industry group. Monolithic Power Systems, Broadcom and Advanced Micro Devices are among the top 5 highly rated stocks within the group. For more industry news, check out "Chip Stocks To Watch And Semiconductor Industry News."
