Credit: Shutterstock photoOne important metric to look for in a stock is an 80 or higher Relative Strength Rating . Littelfuse ( LFUS ) just hit that mark, with a jump from 77 to 81 Monday.
[ibd-display-video id=2102289 width=50 float=left autostart=true] This proprietary rating tracks market leadership by showing how a stock's price movement over the last 52 weeks compares to that of other stocks on the major indexes.
Over 100 years of market history reveals that the stocks that go on to make the biggest gains often have an 80 or higher RS Rating as they launch their biggest climbs.
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Littelfuse has moved more than 5% past a 188.70 entry in a second-stage flat base , meaning it's now out of a proper buy range. Look for the stock to offer a new buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week line.
The company showed 13% earnings growth last quarter. Revenue gains came in at 13%.
Littelfuse earns the No. 4 rank among its peers in the Electronics-Parts industry group. Amphenol ( APH ) is the No. 1-ranked stock 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.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
