Top-ranked Motorola Solutions shows that you can teach an old dog new tricks. The company, which traces its roots back nearly 100 years, is growing like a pup. Motorola stock keeps hitting all-time highs this year as it grows organically and via acquisitions.
On Wednesday, the Relative Strength (RS) Rating for Motorola stock got an upgrade from 78 to 82, pushing it into a higher echelon group.
The upgrade to an 82 RS Rating shows that Motorola stock outperformed 82% of all other stocks over the past year. Market research shows that the market's biggest winners tend to have an RS Rating over 80 in the early stages of their moves.
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Motorola Stock Tops In Its Industry Group
Chicago-based Motorola Solutions makes two-way radios, wireless network security systems and voice and data communication systems.
Further, Motorola stock earns the No. 1 rank among its peers in the small nine-stock Telecom-Consumer Products industry group. Two-way radio maker BK Technologies and Apple are also among the group's highest-rated stocks.
On Feb. 14 Motorola announced that it bought Silent Sentinel. The U.K.-based company provides rugged long-range cameras designed for use by the military, aviation and maritime industries. The companies didn't release terms of the deal.
Among its other key ratings Motorola stock has an 86 Composite Rating out of 99 and an 83 Earnings Per Share Rating. It boasts an A SMR Rating, on an A-to-E scale with A superb and E dismal. The SMR Rating is a combination rating for sales, profit margin and return on equity.
Additionally, it has a B Accumulation/Distribution Rating, showing that institutional investors such as ETFs, university funds and the like are buying more shares than selling.
At All-Time High, Again
Motorola stock rose to a fresh all-time high Wednesday, the latest in a series after it completed a flat base in January. It's now considered extended and out of buy range after clearing a 329.83 buy point in a first-stage flat base. 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.
Meanwhile, the company has reported rising earnings and sales every quarter since September 2022. Its growth for those metrics has slowed recently though. It reported a mild 8% gain in earnings to $3.90 per share on a 5% rise in revenue to $2.85 billion in its latest quarter.
IBD's unique RS Rating tracks market leadership by using a 1 (worst) to 99 (best) score that indicates how a stock's price action over the last 52 weeks matches up against that of all other stocks in the IBD database
Please follow James DeTar on X, formerly known as Twitter, @JimDeTar
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