Benchmark Electronics had its Relative Strength (RS) Rating upgraded from 88 to 92 Monday.
This exclusive rating from Investor's Business Daily measures share price performance 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.
Decades of market research shows that the best stocks often have an RS Rating of above 80 at the beginning of a new climb.
How To Use Stock Charts To Stay Profitable And Protected
Benchmark Electronics is within a buy range after clearing a 45.45 entry in a cup with handle. Once a stock moves 5% or higher beyond the original entry, it's considered extended and out of buy range.
The company reported negative growth for both the top and bottom lines last quarter.
The company holds the No. 7 rank among its peers in the Electronics-Contract Manufacturing industry group. Celestica, Fabrinet and Flex Ltd are among the top 5 highly rated stocks within the group.
RELATED:
IBD Stock Rating Upgrades: Rising Relative Strength
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!
