Stocks Showing Improved Relative Strength: Amkor Technology

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The Relative Strength ( RS ) Rating for Amkor Technology ( AMKR ) headed into a higher percentile Wednesday, as it got a lift from 67 to 71.

[ibd-display-video id=2368044 width=50 float=left autostart=true] IBD's unique RS Rating measures technical performance by using a 1 (worst) to 99 (best) score that indicates how a stock's price action over the last 52 weeks matched up against all other stocks.

Decades of market research reveals that the stocks that go on to make the biggest gains often have an RS Rating north of 80 as they begin their largest runs. See if Amkor Technology can continue to rebound and hit that benchmark.

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Amkor Technology is building a double bottom with a 12.58 entry . See if the stock can break out in volume at least 40% higher than normal.

Amkor Technology reported -8% earnings growth in the latest quarterly report. Revenue increased 5%.

Amkor Technology earns the No. 23 rank among its peers in the Electronics-Semiconductor Manufacturing industry group. ON Semiconductor ( ON ), Analog Devices ( ADI ) and Microchip Technology ( MCHP ) are among the top 5 highly rated stocks within the group.


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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: Investing , Stocks
Referenced Symbols: RS , AMKR , ON , ADI , MCHP

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