Taiwan Semiconductor stock had its Relative Strength (RS) Rating upgraded from 67 to 74 Monday -- a welcome improvement, but still below the 80 or higher score you prefer to see.
When you're researching the best stocks to buy and watch, be sure to pay attention to relative price strength.
This proprietary rating identifies market leadership by showing how a stock's price movement over the last 52 weeks compares to that of the other stocks in our database.
History shows that the top-performing stocks typically have an RS Rating of at least 80 as they begin their biggest price moves. See if Taiwan Semiconductor stock can continue to rebound and hit that benchmark.
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Is Taiwan Semiconductor Stock A Buy?
Now is not an ideal time to jump in Taiwan Semiconductor stock since it isn't near a proper buy zone, but see if the chipmaker stock is able to form a base and break out. 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. The company is expected to report its next quarterly numbers on or around Oct. 19.
Taiwan Semiconductor stock holds the No. 9 rank among its peers in the Electronics-Semiconductor Manufacturing industry group. MACOM Tech Solutions and STMicroelectronics are also among the group's highest-rated stocks. For more industry news, check out "Chip Stocks To Watch And Semiconductor Industry News."
