Get all your news in one place.
100’s of premium titles.
One app.
Start reading
Investors Business Daily
Investors Business Daily
Business
INVESTOR'S BUSINESS DAILY

Stocks Flashing Renewed Technical Strength: SkyWater Technology

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.

RELATED:

Chip Stocks To Watch And Semiconductor Industry News

IBD Stock Rating Upgrades: Rising Relative Strength

Why Should You Use IBD's Relative Strength Rating?

How Relative Strength Line Can Help You Judge A Stock

Ready To Grow Your Investing Skills? Join An IBD Meetup Group!

Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.