On Tuesday, Keysight Technologies cleared a key technical benchmark, with its Relative Strength (RS) Rating jumping into the 80-plus percentile with an upgrade to 83, up from 80 the day before.
This unique rating identifies technical performance by using a 1 (worst) to 99 (best) score that shows how a stock's price performance over the trailing 52 weeks matches up against the rest of the market.
Over 100 years of market history reveals that the market's biggest winners typically have an RS Rating north of 80 as they launch their biggest price moves.
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Keysight Technologies is in a buying range after moving past a 175.39 entry in a flat base. The proper buying range is up to 5% above the initial entry. Once a stock moves above that range, it's best to wait for it to set up another buying opportunity.
Although earnings and sales growth came in at -17% and -2%, respectively, in the latest report, that marked two straight quarters of improvement for EPS and two for the top line. The company is expected to release its next quarterly numbers on or around Feb. 25.
The company earns the No. 4 rank among its peers in the Electronics-Scientific Measuring industry group. Camtek is the top-ranked stock within the group.
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