Sensata Technologies ( ST ) saw a welcome improvement to its Relative Strength ( RS ) Rating on Wednesday, rising from 69 to 82.
[ibd-display-video id=2102289 width=50 float=left autostart=true] IBD's unique rating tracks price action with a 1 (worst) to 99 (best) score. The rating shows how a stock's price movement over the trailing 52 weeks stacks up against all the other stocks in our database.
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 begin their biggest price moves.
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Sensata Technologies is trading within a buy range after breaking past a 50.93 entry in a flat base . The proper buying range extends to 5% above the initial entry. Once a stock moves above that range, it's best to wait for it to set up another buying opportunity.
Earnings growth decreased in the most recent quarter from 11% to 9%. But revenue moved higher, from 1% to 4%.
The company holds the No. 3 rank among its peers in the Electronics-Miscellaneous Products industry group. Universal Display ( OLED ) is the top-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.
