On Thursday, Lightwave Logic reached an important technical milestone, with its Relative Strength (RS) Rating moving into the 90-plus percentile with an upgrade to 93, a rise from 78 the day before.
When looking for the best stocks to buy and watch, be sure to pay attention to relative price strength. IBD's unique rating measures market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price performance over the last 52 weeks stacks up against all the other stocks in our database.
History shows that the market's biggest winners tend to have an RS Rating of above 80 in the early stages of their moves.
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Lightwave Logic is not currently showing a potential buy point. See if the stock goes on to form a sound pattern that could spark a new run.
The company reported -50% earnings growth in the latest quarterly report. Revenue gains came in at 0%. The company is expected to report its latest performance numbers on or around Aug. 16.
Lightwave Logic holds the No. 14 rank among its peers in the Electronics-Contract Manufacturing industry group. Jabil, Benchmark Electronics and Celestica are among the top 5 highly rated stocks within the group.
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