Cognex had its Relative Strength (RS) Rating upgraded from 68 to 73 Monday — a welcome improvement, but still shy of the 80 or better score you prefer to see.
This exclusive rating from Investor's Business Daily tracks share price action with a 1 (worst) to 99 (best) score. The grade shows how a stock's price movement over the trailing 52 weeks stacks up against all the other stocks in our database.
Decades of market research reveals that the best-performing stocks often have an RS Rating north of 80 in the early stages of their moves. See if Cognex can continue to rebound and clear that threshold.
How To Invest In Stocks In Both Bull And Bear Markets
Cognex is working on a cup without handle with a 59.51 entry. See if the stock can clear the breakout price in volume at least 40% higher than normal.
Earnings grew -15% last quarter, up from -61% in the prior report. Revenue also increased, from -18% to 5%.
Cognex earns the No. 5 rank among its peers in the Electronics-Scientific Measuring industry group. Camtek is the top-ranked stock within the group.
RELATED:
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!
