On Monday, Keysight Technologies got a positive adjustment to its Relative Strength (RS) Rating, from 80 to 84.
This exclusive rating from Investor's Business Daily identifies market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price behavior over the last 52 weeks holds up against all the other stocks in our database.
Over 100 years of market history reveals that the market's biggest winners tend to have an RS Rating of over 80 as they launch their biggest price moves.
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Keysight Technologies broke out earlier, but has fallen back below the prior 175.39 entry from a flat base. In the case where a stock breaks out then falls 7% or more below the entry price, it's considered a failed breakout. If that happens, it's best to wait for a new pattern to form. Also understand that the most recent consolidation is a later-stage base, and those involve more risk.
Although earnings and sales growth came in at -17% and -2%, respectively, in the latest report, that marked two straight quarters of acceleration for earnings and two for revenue. Keysight Technologies is expected to report its next quarterly numbers on or around Feb. 25.
The company holds the No. 4 rank among its peers in the Electronics-Scientific Measuring industry group. Camtek is the No. 1-ranked stock within the group.
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