Stocks To Watch: Advanced Micro Devices Sees Relative Strength Rating Jump To 80

Shutterstock photo

The Relative Strength ( RS ) Rating for Advanced Micro Devices ( AMD ) entered a new percentile Thursday, with a rise from 70 to 80.

[ibd-display-video id=3105496 width=50 float=left autostart=true] IBD's unique rating tracks market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price behavior over the trailing 52 weeks compares to all the other stocks in our database.

Decades of market research reveals that the best stocks typically have an 80 or better RS Rating as they begin their biggest climbs.

Looking For Winning Stocks? Try This Simple Routine

Advanced Micro Devices is working on a double bottom with a 14.51 entry . See if the stock can break out in heavy trade.

Taking a look at revenue and profit performance, Advanced Micro Devices has posted three quarters of increasing earnings growth. Revenue growth has also moved higher over the same time frame.

Advanced Micro Devices earns the No. 9 rank among its peers in the Electronics-Semiconductor Fabless industry group. Nvidia ( NVDA ), Cavium ( CAVM ) and Monolithic Power Systems ( MPWR ) are among the top 5 highly rated stocks within the group.


Chip Stocks To Watch And Semiconductor Industry News

IBD Stock Rating Upgrades: Rising Relative Strength

Why Should You Use IBD's Relative Strength Rating?

How Relative Strength Line Can Help You Judge A Stock

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 , AMD , NVDA , MPWR

More from Investor's Business Daily


Investor's Business Daily

Investor's Business Daily


Research Brokers before you trade

Want to trade FX?