SkyWater Technology saw a positive improvement to its Relative Strength (RS) Rating on Thursday, rising from 79 to 83.
IBD's proprietary rating tracks market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock's price movement over the trailing 52 weeks compares to all the other stocks in our database.
Over 100 years of market history reveals that the best-performing stocks tend to have an RS Rating north of 80 as they launch their biggest runs.
Risk Management In The Stock Market: How Much Money To Invest Now
While now is not an ideal time to buy shares, see if the stock goes on to offer and clear a proper buy point.
SkyWater Technology reported 0% earnings growth last quarter, while sales growth came in at 31%. Keep an eye out for the company's next round of numbers on or around Feb. 26.
The company holds the No. 4 rank among its peers in the Electronics-Semiconductor Manufacturing industry group. Taiwan Semiconductor ADR is the No. 1-ranked stock within the group.
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