NXP Semiconductors saw a welcome improvement to its Relative Strength (RS) Rating on Wednesday, rising from 63 to 71.
IBD's proprietary rating tracks share price performance with a 1 (worst) to 99 (best) score. The grade shows how a stock's price movement over the last 52 weeks stacks up against all the other stocks in our database.
History reveals that the best stocks often have an RS Rating of over 80 as they launch their biggest climbs. See if NXP Semiconductors can continue to rebound and hit that benchmark.
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NXP Semiconductors is working on a consolidation with a 296.08 entry. See if it can clear the breakout price in volume at least 40% higher than normal.
The company posted negative growth for both sales and earnings last quarter. NXP Semiconductors is expected to release its next quarterly numbers on or around Nov. 4.
NXP Semiconductors holds the No. 5 rank among its peers in the Electronics-Semiconductor Manufacturing industry group. Taiwan Semiconductor ADR is the top-ranked stock within the group.
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