Sanmina saw a welcome improvement to its Relative Strength (RS) Rating on Thursday, rising from 61 to 72.
This proprietary rating tracks market leadership by showing how a stock's price action over the last 52 weeks compares to that of the other stocks in our database.
Decades of market research shows that the top-performing stocks tend to have an 80 or higher RS Rating as they begin their biggest runs. See if Sanmina can continue to show renewed price strength and hit that benchmark.
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Sanmina is building a consolidation with a 76.84 entry. See if the stock can break out in volume at least 40% higher than normal.
Earnings growth slowed last quarter from -18% to -19%. But sales moved higher, from -21% to -17%. The company is expected to report its latest results on or around Nov. 4.
Sanmina earns the No. 8 rank among its peers in the Electronics-Contract Manufacturing industry group. Celestica, Fabrinet and Flex Ltd are among the top 5 highly rated stocks within the group.
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