One important metric to look for in a stock is an 80 or higher Relative Strength Rating. Logitech International now clears that threshold, with a jump from 80 to 85 Thursday.
IBD's unique RS Rating tracks market leadership by showing how a stock's price movement over the last 52 weeks compares to that of other stocks on the major indexes.
Decades of market research reveals that the top-performing stocks often have an RS Rating of above 80 in the early stages of their moves.
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Logitech International is trying to complete a cup without handle with a 102.59 entry. See if it can break out in volume at least 40% above average.
EPS growth declined last quarter from 10% to 4%, but sales rose from 6% to 7%.
Logitech International holds the No. 1 rank among its peers in the Computer-Hardware/Peripherals industry group. Super Micro Computer and IonQ are also among the group's highest-rated stocks.
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