The Relative Strength (RS) Rating for Skyworks Solutions stock jumped into a new percentile Thursday, as it got a lift from 68 to 78.
As you try to find the best stocks to buy and watch, keep a close on eye on relative price strength.
This proprietary rating measures technical performance 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 best-performing stocks typically have an RS Rating of over 80 as they launch their largest price moves. See if Skyworks Solutions stock can continue to rebound and hit that benchmark.
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Is Skyworks Solutions Stock A Buy?
Skyworks Solutions stock has been rallying off the bottom of its base, retaking its 200-day moving average in January. The stock is not currently showing a potential entry point. See if the stock goes on to build a base that could kick off a new price move. Read "Looking For The Next Big Stock Market Winners? Start With These 3 Steps" for more tips.
While revenue growth fell last quarter from 10% to 7%, EPS grew 15%, up from 13% in the previous report. Look for the next report on or around Feb. 6.
Skyworks Solutions stock earns the No. 12 rank among its peers in the Electronics-Semiconductor Manufacturing industry group. Microchip Technology and ON Semiconductor are also among the group's highest-rated stocks. For more industry news, check out "Chip Stocks To Watch And Semiconductor Industry News."
