TD SYNNEX stock had its Relative Strength (RS) Rating upgraded from 70 to 86 Monday.
This unique rating identifies market leadership by using a 1 (worst) to 99 (best) score that shows how a stock's price action over the trailing 52 weeks matches up against other publicly traded companies.
History shows that the best-performing stocks typically have an RS Rating north of 80 in the early stages of their moves.
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Is TD SYNNEX Stock A Buy?
TD SYNNEX stock broke out earlier, but has fallen back below the prior 133.85 entry from a consolidation. In the case where a stock breaks out then falls 7% or more below the entry price, it's considered a failed breakout. If that happens, it's best to wait for a new pattern to take shape. Also keep in mind that the most recent consolidation is a later-stage base, which makes it riskier to establish a new position or add shares to an existing one.
Earnings growth decreased in the most recent report from 12% to 3%. But sales moved higher, from -1% to 5%.
TD SYNNEX stock earns the No. 2 rank among its peers in the Wholesale-Electronics industry group. Climb Global Solutions is the No. 1-ranked stock within the group.
