The Relative Strength (RS) Rating for Benchmark Electronics jumped into a new percentile Tuesday, as it got a lift from 67 to 71.
This unique rating tracks market leadership by showing how a stock's price movement over the last 52 weeks compares to that of the other stocks in our database.
Decades of market research shows that the market's biggest winners tend to have an 80 or higher RS Rating in the early stages of their moves. See if Benchmark Electronics can continue to show renewed price strength and clear that threshold.
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Benchmark Electronics is building a consolidation with a 50.26 buy point. See if it can break out in volume at least 40% higher than normal.
Although earnings and sales growth came in at -6% and -5%, respectively, in the latest report, that showed improvement for both earnings-per-share and sales.
Benchmark Electronics earns the No. 9 rank among its peers in the Electronics-Contract Manufacturing industry group. Fabrinet, Celestica and TTM Technologies 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.
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