Super Micro Computer saw a welcome improvement to its Relative Strength (RS) Rating on Tuesday, rising from 87 to 93.
IBD's proprietary rating tracks price movement 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 shows that the market's biggest winners often have an 80 or higher RS Rating in the early stages of their moves.
Here Are 3 Keys For Successful Stock Investing
While Super Micro Computer is not near a proper buy zone right now, see if it goes on to form and break out from a proper base.
Super Micro Computer posted 80% EPS growth in its most recent report, while sales growth came in at 143%.
The company holds the No. 1 rank among its peers in the Computer-Hardware/Peripherals industry group. Logitech International and Corsair Gaming are also among the group's highest-rated stocks.
RELATED:
Which Stocks Are Showing Improved Price Performance?
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!
