In a welcome move, Texas Instruments stock saw its Relative Strength Rating rise from 62 to 75 on Thursday.
When looking for the best stocks to buy and watch, keep a close on eye on relative price strength.
IBD's proprietary RS Rating identifies technical performance by showing how a stock's price action over the last 52 weeks compares to that of the other stocks in our database.
History reveals that the stocks that go on to make the biggest gains tend to have an 80 or higher RS Rating in the early stages of their moves. See if Texas Instruments stock can continue to rebound and clear that threshold.
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Is Texas Instruments Stock A Buy?
Now is not an ideal time to jump in Texas Instrument stock since it isn't near a proper buy zone, but see if the stock manages to establish and enter a buying range in heavy trade. Read "Looking For The Next Big Stock Market Winners? Start With These 3 Steps" for more tips.
The chipmaker reported negative growth for both the top and bottom lines last quarter.
Texas Instruments stock holds the No. 14 rank among its peers in the Electronics-Semiconductor Manufacturing industry group. Microchip Technology and Analog Devices are also among the group's highest-rated stocks. For more industry news, check out "Chip Stocks To Watch And Semiconductor Industry News."
