On Monday, Sanmina reached a noteworthy performance benchmark, with its Relative Strength (RS) Rating moving into the 80-plus percentile with an improvement to 83, up from 77 the day before.
IBD's unique rating tracks market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price performance over the trailing 52 weeks holds up against all the other stocks in our database.
History reveals that the top-performing stocks tend to have an RS Rating north of 80 as they launch their biggest climbs.
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Sanmina is not currently showing a potential buy point. See if the stock goes on to form a base that could kick off a new climb.
Taking a look at top and bottom line numbers, the company has posted rising EPS growth in each of the last two reports. Sales gains have also moved higher during the same period.
Sanmina holds the No. 5 rank among its peers in the Electronics-Contract Manufacturing industry group. Celestica is the No. 1-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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