Monolithic Power Systems stock had its Relative Strength (RS) Rating upgraded from 78 to 89 Thursday.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
This unique rating measures technical performance by showing how a stock's price action over the last 52 weeks compares to that of other stocks on the major indexes.
Decades of market research shows that the best stocks tend to have an RS Rating north of 80 in the early stages of their moves.
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Is Monolithic Power Systems Stock A Buy?
The stock, which is on both the IBD 50 and IBD Sector Leaders screens, barely inched above its 200-day moving average is now considered extended and out of buying range. 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 line.
In terms of fundamentals, the company has posted rising EPS growth in each of the last two reports. Sales growth has also increased over the same time frame. The company is expected to report its next quarterly numbers on or around Jul. 27.
Monolithic Power Systems stock earns the No. 1 rank among its peers in the Electronics-Semiconductor Fabless industry group. For more industry news, check out "Chip Stocks To Watch And Semiconductor Industry News."
