MaxLinear had its Relative Strength (RS) Rating upgraded from 87 to 91 Thursday.
IBD's unique rating measures market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock's price behavior over the trailing 52 weeks compares to all the other stocks in our database.
Over 100 years of market history shows that the stocks that go on to make the biggest gains typically have an RS Rating north of 80 as they launch their largest climbs.
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Now is not an ideal time to jump in since it isn't near a proper buy zone, but see if the stock manages to form a base and break out.
The company showed 0% earnings growth in its most recent report, while sales growth came in at -26%.
MaxLinear earns the No. 19 rank among its peers in the Electronics-Semiconductor Fabless industry group. Broadcom, NVIDIA and Rambus are among the top 5 highly rated stocks within the group.
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