When building your watch list, focus on stocks with an 80 or higher RS Rating. MaxLinear now meets that criteria, with an increase from 78 to 81 Friday.
IBD's unique rating identifies price movement with a 1 (worst) to 99 (best) score. The grade shows how a stock's price performance over the trailing 52 weeks holds up against all the other stocks in our database.
Decades of market research shows that the market's biggest winners often have an RS Rating north of 80 as they begin their biggest runs.
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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 is able to form a consolidation and break out.
The company showed 0% EPS growth last quarter. Revenue rose -40%.
The company holds the No. 23 rank among its peers in the Electronics-Semiconductor Fabless industry group. Broadcom, NVIDIA and Astera Labs are among the top 5 highly rated stocks within the group.
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