The Relative Strength (RS) Rating for Marvell Technology stock climbed into a new percentile Thursday, with a rise from 77 to 83.
As you try to find the best stocks to buy and watch, keep a close on eye on relative price strength.
This exclusive rating from Investor's Business Daily measures market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price movement over the last 52 weeks holds up against all the other stocks in our database.
Over 100 years of market history reveals that the best stocks tend to have an RS Rating of over 80 as they launch their biggest climbs.
Looking For Winning Stocks? Try This Simple Routine
Is Marvel Technology Stock A Buy?
Marvell Technology stock is trying to complete a consolidation with a 67.99 buy point. See if the stock can break out in volume at least 40% higher than normal.
The chipmaker reported negative growth for both sales and earnings last quarter.
Marvell Technology stock holds the No. 10 rank among its peers in the Electronics-Semiconductor Fabless industry group. Lattice Semiconductor and Broadcom are also among the group's highest-rated stocks. For more industry news, check out "Chip Stocks To Watch And Semiconductor Industry News."
