Credit: Shutterstock photoThe Relative Strength ( RS ) Rating for Synnex ( SNX ) jumped into a higher percentile Monday, as it got a lift from 68 to 72.
[ibd-display-video id=2102289 width=50 float=left autostart=true] IBD's unique RS Rating measures technical performance by showing how a stock's price movement over the last 52 weeks compares to that of the other stocks in our database.
History shows that the best-performing stocks often have an 80 or better RS Rating as they launch their largest runs. See if Synnex can continue to show renewed price strength and hit that benchmark.
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While Synnex is not near an ideal buying range right now, see if it manages to form and break out of a proper base .
Earnings growth dropped last quarter from 52% to 25%, but sales rose from 16% to 17%. Keep an eye out for the company's next round of numbers on or around Jan. 10.
The company holds the No. 1 rank among its peers in the Wholesale-Electronics industry group. Systemax ( SYX ) and Tech Data ( TECD ) are also among the group's highest-rated stocks.
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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.
