Flex Ltd saw a welcome improvement to its Relative Strength (RS) Rating on Monday, with an increase from 77 to 81.
This unique rating measures technical performance by using a 1 (worst) to 99 (best) score that identifies how a stock's price action over the trailing 52 weeks matches up against other publicly traded companies.
History shows that the best stocks often have an 80 or higher RS Rating in the early stages of their moves.
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While now is not an ideal time to jump in, see if the stock manages to form a chart pattern and break out.
In terms of top and bottom line numbers, the company has posted two quarters of accelerating earnings growth. Top line growth has also increased over the same time frame.
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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