The Relative Strength (RS) Rating for Flex Ltd entered a higher percentile Monday, as it got a lift from 69 to 77.
IBD's proprietary RS Rating measures technical performance by showing how a stock's price action 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 often have an RS Rating north of 80 in the early stages of their moves. See if Flex Ltd can continue to show renewed price strength and clear that threshold.
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While Flex Ltd is not near a proper buying range right now, see if it is able to form and break out of a proper base.
In terms of top and bottom line numbers, Flex Ltd has posted rising EPS growth in each of the last two reports. Top line growth has also increased during the same period.
The company earns the No. 3 rank among its peers in the Electronics-Contract Manufacturing industry group. Celestica is the No. 1-ranked stock 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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