The Relative Strength (RS) Rating for Broadcom entered a new percentile Friday, with a rise from 75 to 85.
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This exclusive rating from Investor's Business Daily tracks market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price movement over the last 52 weeks compares to all the other stocks in our database.
Over 100 years of market history reveals that the best stocks often have an RS Rating north of 80 as they begin their biggest price moves.
Broadcom is not currently near a potential buy zone. See if the stock goes on to build a promising consolidation that could spark a new run.
Earnings growth rose last quarter from 28% to 45%. But sales fell from 51% to 25%.
The company holds the No. 1 rank among its peers in the Electronics-Semiconductor Fabless industry group. Rambus and CEVA are also among the group's highest-rated stocks.
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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