On Monday, Broadcom got a positive adjustment to its Relative Strength (RS) Rating, from 89 to 94.
IBD's unique RS 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.
Over 100 years of market history reveals that the stocks that go on to make the biggest gains typically have an RS Rating of above 80 in the early stages of their moves.
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Broadcom is not currently near a potential buy zone. See if the stock goes on to build a promising consolidation that could ignite a new run.
Earnings growth increased last quarter from 28% to 45%. But sales fell from 51% to 25%.
Broadcom 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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