One important metric to look for in a stock is an 80 or higher Relative Strength Rating. Power Integrations stock now clears that threshold, with a jump from 80 to 83 Friday.
When you're researching the best stocks to buy and watch, keep a close on eye on relative price strength.
IBD's unique rating tracks market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock's price behavior over the trailing 52 weeks holds up against all the other stocks in our database.
Decades of market research reveals that the stocks that go on to make the biggest gains often have an 80 or better RS Rating as they begin their biggest price moves.
See How IBD Helps You Make More Money In Stocks
Is Power Integrations Stock A Buy?
Power Integrations stock is working on a consolidation with a 92.08 entry. See if the stock can clear the breakout price in heavy volume. Read "Looking For The Next Big Stock Market Winners? Start With These 3 Steps" for more tips.
The chipmaker posted negative growth for both the top and bottom lines last quarter.
Power Integrations stock holds the No. 13 rank among its peers in the Electronics-Semiconductor Fabless industry group. Rambus and Broadcom are also among the group's highest-rated stocks. For more industry news, check out "Chip Stocks To Watch And Semiconductor Industry News."
