On Wednesday, Texas Instruments got a positive adjustment to its Relative Strength (RS) Rating, from 78 to 82.
IBD's unique rating measures market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price behavior over the trailing 52 weeks holds up against all the other stocks in our database.
Decades of market research reveals that the best stocks tend to have an RS Rating north of 80 in the early stages of their moves.
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Texas Instruments is building a flat base with a 214.66 buy point. See if it can break out in volume at least 40% higher than normal.
Although earnings and sales growth came in at -21% and -8%, respectively, in the latest report, that shows two quarters of improvement for earnings and one for the top line.
The company earns the No. 7 rank among its peers in the Electronics-Semiconductor Manufacturing industry group. Taiwan Semiconductor ADR, MACOM Tech Solutions and Tower Semiconductor are among the top 5 highly rated stocks within the group.
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