Fabrinet had its Relative Strength (RS) Rating upgraded from 62 to 75 Monday — a welcome improvement, but still short of the 80 or higher score you look for.
This exclusive rating from Investor's Business Daily tracks market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price performance over the last 52 weeks holds up against all the other stocks in our database.
Over 100 years of market history shows that the market's biggest winners typically have an RS Rating of over 80 in the early stages of their moves. See if Fabrinet can continue to show renewed price strength and clear that threshold.
When To Sell Stocks To Lock In Profits And Minimize Losses
Fabrinet is building a consolidation with a 278.38 buy point. See if the stock can break out in heavy trading. Keep in mind that it's a later-stage consolidation, and those are riskier than earlier-stage patterns.
Earnings growth slowed in the most recent quarter from 30% to 20%. But revenue gains moved higher, from 15% to 17%.
The company holds the No. 2 rank among its peers in the Electronics-Contract Manufacturing industry group. Celestica is the top-ranked stock within the group.
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