On Monday, Lattice Semiconductor earned a positive adjustment to its Relative Strength (RS) Rating, from 78 to 86.
IBD's proprietary rating tracks 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 compares to all the other stocks in our database.
Decades of market research shows that the stocks that go on to make the biggest gains tend to have an RS Rating north of 80 in the early stages of their moves.
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Lattice Semiconductor broke out earlier, but has fallen back below the prior 64.69 entry from a consolidation. If a stock you're tracking clears a buy point then retreats 7% or more below the original entry price, it's considered a failed base. Wait for the stock to set up and breakout from a new chart pattern and entry price. Also understand that the latest consolidation is a later-stage base, and those involve more risk.
While EPS growth decreased in the company's most recent quarterly report from -55% to -67%, the top line grew -31%, up from -34% in the previous report.
Lattice Semiconductor holds the No. 12 rank among its peers in the Electronics-Semiconductor Fabless industry group. Broadcom, Rambus and CEVA are among the top 5 highly rated stocks 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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