Alpha & Omega Semicon had its Relative Strength (RS) Rating upgraded from 67 to 93 Friday.
IBD's proprietary RS Rating measures market leadership by using a 1 (worst) to 99 (best) score that indicates how a stock's price action over the trailing 52 weeks matches up against other publicly traded companies.
Over 100 years of market history reveals that the best-performing stocks often have an RS Rating north of 80 at the beginning of a new climb.
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Alpha & Omega Semicon is building a consolidation with a 47.45 buy point. See if it can clear the breakout price in heavy trading.
The company saw both earnings and sales growth rise last quarter. Earnings-per-share increased from -53% to -36%. Revenue rose from 0% to 1%.
The company earns the No. 18 rank among its peers in the Electronics-Semiconductor Fabless industry group. Impinj, NVIDIA and SiTime are among the top 5 highly rated stocks within the group.
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