Logitech International had its Relative Strength (RS) Rating upgraded from 63 to 71 Tuesday — a welcome improvement, but still short of the 80 or higher score you look for.
IBD's unique RS Rating measures technical performance by using a 1 (worst) to 99 (best) score that indicates how a stock's price action over the trailing 52 weeks compares to other publicly traded companies.
Over 100 years of market history reveals that the best-performing stocks typically have an RS Rating of over 80 in the early stages of their moves. See if Logitech International can continue to show renewed price strength and clear that threshold.
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While it's not currently an ideal time to invest, see if the stock is able to offer and clear an appropriate buy point.
Earnings-per-share growth decreased in the company's latest report from 10% to 4%, but revenue rose from 6% to 7%.
The company holds the No. 2 rank among its peers in the Computer-Hardware/Peripherals industry group. Super Micro Computer is the top-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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