On Friday, MACOM Tech Solutions reached an important technical milestone, seeing its Relative Strength (RS) Rating jump into the 90-plus percentile with an improvement to 93, up from 88 the day before.
This exclusive rating from Investor's Business Daily measures price action with a 1 (worst) to 99 (best) score. The rating shows how a stock's price movement over the trailing 52 weeks stacks up against all the other stocks in our database.
History shows that the market's biggest winners tend to have an RS Rating north of 80 at the beginning of a new climb.
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The IBD 50 stock is now considered extended and out of buy range after clearing a 118.55 buy point in a first-stage cup with handle. See if the stock forms a new pattern or follow-on buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week line.
Taking a look at revenue and profit performance, MACOM Tech Solutions has posted three quarters of increasing earnings growth. Sales gains have also moved higher over the same time frame.
MACOM Tech Solutions earns the No. 2 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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