One important metric to look for in a stock is an 80 or higher Relative Strength Rating. Knowles Corp. just hit that mark, with a jump from 80 to 83 Tuesday.
This unique rating measures market leadership by showing how a stock's price movement over the last 52 weeks measures up against that of other stocks on the major indexes.
Decades of market research shows that the top-performing stocks tend to have an 80 or higher RS Rating as they begin their biggest runs.
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Knowles Corp. is in a buying range after moving past a 19.73 entry in a consolidation. The proper buying range is up to 5% above the initial entry. Once a stock moves above that range, it's best to hold off investing and wait for it to set up another buying opportunity.
While the company's bottom line growth dropped in the prior quarter from 43% to 30%, the top line rose 32%, up from 29% in the prior report.
Knowles Corp. holds the No. 2 rank among its peers in the Electronics-Miscellaneous Products industry group. InterDigital is the No. 1-ranked stock within the group.
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