One important metric to look for in a stock is an 80 or higher Relative Strength Rating. MaxLinear just hit that mark, with a jump from 76 to 87 Wednesday.
IBD's unique rating measures share price performance with a 1 (worst) to 99 (best) score. The score shows how a stock's price performance over the trailing 52 weeks compares to all the other stocks in our database.
History shows that the market's biggest winners typically have an RS Rating of over 80 as they launch their biggest price moves.
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While now is not an ideal time to buy shares, see if the stock manages to establish and enter a buy zone in heavy trade.
The company reported 0% EPS growth last quarter, while sales growth came in at -40%. The company is expected to report its latest results on or around Jan. 29.
MaxLinear holds the No. 21 rank among its peers in the Electronics-Semiconductor Fabless industry group. Broadcom, Rambus and NVIDIA are among the top 5 highly rated stocks within the group.
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