The Relative Strength (RS) Rating for MaxLinear stock jumped into a new percentile Monday, with a rise from 76 to 83.
IBD's unique RS Rating tracks market leadership by using a 1 (worst) to 99 (best) score that identifies how a stock's price performance over the trailing 52 weeks matches up against the rest of the market.
Over 100 years of market history reveals that the stocks that go on to make the biggest gains often have an 80 or higher RS Rating as they launch their biggest price moves.
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Is MaxLinear Stock A Buy?
MaxLinear stock reclaimed its 200-day moving average in early December and has been rallying. While MaxLinear stock is not near a proper buying range right now, see if it manages to form and break out of a proper chart pattern.
The fabless chipmaker reported 0% earnings growth last quarter. Revenue increased -40%.
MaxLinear stock holds the No. 24 rank among its peers in the Electronics-Semiconductor Fabless industry group. Broadcom, SiTime and NVIDIA are among the top 5 highly rated stocks within the group. For more industry news, check out "Chip Stocks To Watch And Semiconductor Industry News."
