Maxim Integrated Products ( MXIM ) saw a positive improvement to its Relative Strength ( RS ) Rating on Monday, with an upgrade from 80 to 83.
[ibd-display-video id=2385970 width=50 float=left autostart=true] IBD's unique RS Rating measures market leadership by showing how a stock's price action over the last 52 weeks compares to that of the other stocks in our database.
Over 100 years of market history reveals that the stocks that go on to make the biggest gains tend to have an RS Rating of at least 80 in the early stages of their moves.
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Maxim Integrated Products is now considered extended and out of buy range after clearing a 49.80 buy point in a first-stage cup without handle . 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 moving average.
The company showed 25% EPS growth last quarter. Revenue increased 3%.
Maxim Integrated Products holds the No. 8 rank among its peers in the Electronics-Semiconductor Fabless industry group. Broadcom ( AVGO ), Monolithic Power Systems ( MPWR ) and Nvidia ( NVDA ) 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.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.