In a welcome move, Lumentum Holdings saw its Relative Strength Rating improve from 68 to 78 on Monday.
IBD's unique rating measures price action with a 1 (worst) to 99 (best) score. The score shows how a stock's price performance over the last 52 weeks compares to all the other stocks in our database.
Decades of market research reveals that the market's biggest winners tend to have an RS Rating of over 80 as they begin their largest price moves. See if Lumentum Holdings can continue to rebound and clear that threshold.
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Lumentum Holdings is now considered extended and out of buy range after clearing a 60.99 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.
Top and bottom line growth moved higher last quarter. Earnings were up 75%, compared to -25% in the prior report. Revenue increased from 6% to 10%.
Lumentum Holdings earns the No. 2 rank among its peers in the Telecom-Fiber Optics industry group. Viavi Solutions 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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