MACOM Tech Solutions stock had its Relative Strength (RS) Rating upgraded from 78 to 81 Thursday.
IBD's proprietary RS Rating measures technical performance by using a 1 (worst) to 99 (best) score that identifies how a stock's price performance over the last 52 weeks matches up against that of all other stocks.
History 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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Is MACOM Tech Solutions Stock A Buy?
MACOM Tech Solutions is working on a consolidation with a 118.77 buy point. See if it can clear the breakout price in volume at least 40% above average.
In terms of top and bottom line numbers, MACOM Tech Solutions has posted rising EPS growth in each of the last two reports. Top line growth has also risen during the same period.
MACOM Tech Solutions stock holds the No. 2 rank among its peers in the Electronics-Semiconductor Manufacturing industry group. Taiwan Semiconductor ADR is the top-ranked stock within the group. For more industry news, check out "Chip Stocks To Watch And Semiconductor Industry News."
