Monolithic Power Systems had its Relative Strength (RS) Rating upgraded from 61 to 71 Tuesday — a welcome improvement, but still below the 80 or higher score you look for. See if MPWR stock can keep raising this key metric.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
IBD's proprietary rating tracks market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price movement over the trailing 52 weeks holds up against all the other stocks in our database.
Decades of market research shows that the market's biggest winners typically have an RS Rating of over 80 in the early stages of their moves. See if Monolithic Power Systems can continue to rebound and clear that threshold.
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Is MPWR Stock A Buy?
While MPWR stock is not near an ideal buying range right now, see if it manages to form and break out of a proper consolidation.
Top and bottom line growth moved higher in the company's most recent quarter. Earnings were up 62%, compared to 22% in the prior report. Revenue increased from 25% to 44%. The next quarterly results are expected on or around May 4.
MPWR stock holds the No. 4 rank among its peers in the Electronics-Semiconductor Fabless industry group. Rambus and Alpha & Omega Semiconductor are also among the group's highest-rated stocks.
