On Tuesday, ON Semiconductor got a positive adjustment to its Relative Strength (RS) Rating, from 86 to 92.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength. This proprietary rating measures technical performance by showing how a stock's price action over the last 52 weeks compares to that of the other stocks in our database.
Over 100 years of market history reveals that the market's biggest winners typically have an RS Rating north of 80 as they begin their biggest runs.
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ON Semiconductor is building a the right side of a double bottom pattern with an 85.07 buy point. See if it can break out in heavy volume now that first quarter earnings has been reported.
ON Semiconductor posted -2% EPS growth in its most recent report. Sales increased 1%.
The company holds the No. 5 rank among its peers in the Electronics-Semiconductor Manufacturing industry group. Analog Devices and Microchip Technology are among the top 5 highly rated stocks within the group.
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