On Wednesday, Broadcom earned a positive adjustment to its Relative Strength (RS) Rating, from 69 to 74.
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IBD's proprietary rating measures share price performance with a 1 (worst) to 99 (best) score. The score shows how a stock's price performance over the last 52 weeks holds up against all the other stocks in our database.
Decades of market research reveals that the market's biggest winners typically have an 80 or better RS Rating as they launch their largest price moves. See if Broadcom can continue to rebound and hit that benchmark.
While the stock is not near an ideal buy point right now, see if it goes on to form and break out of a proper base.
Earnings growth picked up last quarter from 28% to 45%. But revenue gains fell from 51% to 25%.
The company holds the No. 1 rank among its peers in the Electronics-Semiconductor Fabless industry group. NVIDIA and Rambus 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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