When considering what names to put on your watch list, focus on stocks with an 80 or higher RS Rating. Credo Tech Group just cleared that benchmark with an upgrade from 73 to 81.
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This unique rating identifies technical performance by using a 1 (worst) to 99 (best) score that indicates how a stock's price action over the last 52 weeks matches up against that of all other stocks.
History reveals that the stocks that go on to make the biggest gains typically have an 80 or higher RS Rating in the early stages of their moves.
Credo Tech Group has climbed more than 5% past a 36.80 entry in a third-stage cup without handle, meaning it's now out of a proper buy zone. Look for the stock to offer a new buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week moving average.
While EPS growth fell in the prior quarter from 600% to 525%, sales rose 154%, up from 64% in the previous report.
Credo Tech Group holds the No. 2 rank among its peers in the Internet-Networking Solutions industry group. F5 is the No. 1-ranked stock within the group.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
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