The Relative Strength (RS) Rating for Texas Instruments moved up into a new percentile Tuesday, as it got a lift from 70 to 76.
IBD's proprietary RS Rating identifies market leadership by showing how a stock's price movement over the last 52 weeks compares to that of the other stocks in our database.
Over 100 years of market history shows that the market's biggest winners typically have an 80 or higher RS Rating in the early stages of their moves. See if Texas Instruments can continue to rebound and hit that benchmark.
When To Sell Stocks To Lock In Profits And Minimize Losses
Texas Instruments broke out earlier, but is now around 4% below the prior 214.66 entry from a flat base. If a stock you're tracking clears a buy point then falls 7% or more below the original entry price, it's considered a failed base. Wait for the stock to set up and breakout from a new base and entry price. Also keep in mind that the most recent consolidation is a later-stage base, and such bases are more prone to failure.
Although earnings and sales growth came in at -21% and -8%, respectively, in the latest report, that marked two quarters of acceleration for EPS and one for sales.
Texas Instruments earns the No. 4 rank among its peers in the Electronics-Semiconductor Manufacturing industry group. Taiwan Semiconductor ADR is the top-ranked stock within the group.
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