Analog Devices stock saw a positive improvement to its Relative Strength (RS) Rating on Wednesday, rising from 70 to 78.
This exclusive rating from Investor's Business Daily measures share price action with a 1 (worst) to 99 (best) score. The rating shows how a stock's price movement over the trailing 52 weeks holds up against all the other stocks in our database.
Over 100 years of market history reveals that the best-performing stocks tend to have an RS Rating of over 80 in the early stages of their moves. See if Analog Devices stock can continue to rebound and hit that benchmark.
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Is Analog Devices Stock A Buy?
Analog Devices stock is trying to complete a consolidation with a 244.14 entry. See if the chip stock can break out in heavy volume.
Although earnings and sales growth came in at -37% and -25%, respectively, in the latest report, that marked acceleration for both the top and bottom lines.
Analog Devices stock holds the No. 9 rank among its peers in the Electronics-Semiconductor Manufacturing industry group. Taiwan Semiconductor ADR, MACOM Tech Solutions and Qorvo 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."
