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Stocks Showing Improved Relative Strength: Keysight Technologies

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In a welcome move, Keysight Technologies ( KEYS ) saw its Relative Strength Rating rise from 68 to 71 on Thursday.

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

Decades of market research reveals that the market's biggest winners tend to have an 80 or higher RS Rating in the early stages of their moves. See if Keysight Technologies can continue to rebound and hit that benchmark.

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Keysight Technologies broke out earlier, but has fallen back below the prior 45.75 entry from a flat base . If a stock you're tracking clears a buy point then retreats 7% or more below the original entry price, it's considered a failed base. Wait for the stock to set up and breakout from a new chart pattern and entry price. Also keep in mind that the most recent pattern is a later-stage base, and those involve more risk.

Top and bottom line growth moved higher last quarter. Earnings were up 11%, compared to -3% in the prior report. Revenue increased from 16% to 17%. Keep an eye out for the company's next round of numbers on or around Feb. 16.

Keysight Technologies earns the No. 11 rank among its peers in the Electronics-Scientific Measuring industry group. IPG Photonics ( IPGP ), Novanta ( NOVT ) and Cognex ( CGNX ) 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.

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