The Relative Strength (RS) Rating for Qualcomm stock jumped into a higher percentile Tuesday, as it got a lift from 65 to 75.
This exclusive rating from Investor's Business Daily 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 stacks up against all the other stocks in our database.
Decades of market research shows that the stocks that go on to make the biggest gains tend to have an RS Rating north of 80 in the early stages of their moves. See if Qualcomm stock can continue to rebound and clear that threshold.
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Is Qualcomm Stock A Buy?
Qualcomm stock is working on a consolidation with a 230.63 buy point. See if the fabless chip stock can clear the breakout price in volume at least 40% above average.
Earnings grew 28% last quarter, up from 12% in the prior report. Revenue also increased, from 1% to 11%.
Qualcomm stock holds the No. 7 rank among its peers in the Electronics-Semiconductor Fabless industry group. Cirrus Logic, Monolithic Power Systems and Broadcom are among the top 5 highly rated stocks within the group. For more industry news, check out "Chip Stocks To Watch And Semiconductor Industry News."
