On Wednesday, Vicor received an upgrade to its Relative Strength (RS) Rating, from 87 to 92.
This proprietary rating identifies market leadership by showing how a stock's price movement over the last 52 weeks compares to that of the other stocks in our database.
Over 100 years of market history shows that the stocks that go on to make the biggest gains often have an RS Rating north of 80 as they launch their largest price moves.
Looking For The Best Stocks To Buy And Watch? Start Here
Vicor is now considered extended and out of buy range after clearing a 48.20 buy point in a first-stage consolidation. See if the stock forms a new pattern or follow-on buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week line.
While the company's bottom line growth dropped in the company's most recently reported quarter from 0% to -30%, the top line grew -14%, up from -20% in the previous report.
The company holds the No. 8 rank among its peers in the Electronics-Parts industry group. Amphenol Cl A, Coherent and CTS Corp are among the top 5 highly rated stocks within the group.
RELATED:
Stocks With Rising Relative Strength Ratings
Why Should You Use IBD's Relative Strength Rating?
How Relative Strength Line Can Help You Judge A Stock
Ready To Grow Your Investing Skills? Join An IBD Meetup Group!
