Vicor had its Relative Strength (RS) Rating upgraded from 79 to 97 Thursday. Big gap up after earnings were released, and then held the gains in Thursday trading. It also saw a jump in its Composite Rating.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength. IBD's unique RS Rating measures market leadership by using a 1 (worst) to 99 (best) score that shows how a stock's price performance over the last 52 weeks matches up against all other stocks in our database.
Over 100 years of market 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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Vicor is now considered extended and out of buy range after clearing a 62.00 buy point in a first-stage consolidation. See if the stock forms a new pattern or follow-on buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week moving average.
VICR Earnings
The company reported 58% earnings growth last quarter, while sales growth came in at 4%.
Vicor holds the No. 3 rank among its peers in the Electronics-Parts industry group. Bel Fuse A and Bel Fuse Cl B are among the top 5 highly rated stocks within the group.
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