In a welcome move, Skyworks Solutions stock saw its Relative Strength Rating improve from 66 to 73 on Thursday.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
This exclusive rating from Investor's Business Daily measures market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price movement over the trailing 52 weeks stacks up against all the other stocks in our database.
History shows that the stocks that go on to make the biggest gains often have an RS Rating of at least 80 in the early stages of their moves. See if Skyworks Solutions stock can continue to rebound and hit that benchmark.
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Is Skyworks Solutions Stock A Buy?
Skyworks Solutions is trying to complete a narrow consolidation with a 123.69 buy point. See if the stock can break out in heavy trading.
While earnings-per-share growth decreased in the company's most recently reported quarter from -23% to -29%, sales grew -13%, up from -14% in the previous report.
Skyworks Solutions stock earns the No. 10 rank among its peers in the Electronics-Semiconductor Manufacturing industry group. STMicroelectronics and MACOM Tech Solutions are also among the group's highest-rated stocks. For more industry news, check out "Chip Stocks To Watch And Semiconductor Industry News."
