Advanced Micro Devices (AMD) saw a positive improvement to its Relative Strength (RS) Rating on Tuesday, with an upgrade from 66 to 71.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
IBD’s proprietary rating identifies share price action with a 1 (worst) to 99 (best) score. The grade shows how a stock’s price movement over the last 52 weeks holds up against all the other stocks in our database.
Decades of market research shows that the top-performing stocks typically have an RS Rating of at least 80 in the early stages of their moves. See if Advanced Micro Devices can continue to show renewed price strength and hit that benchmark.
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The IBD Big Cap 20 stock is trying to complete a cup without handle with a 99.33 entry. See if it can clear the breakout price in heavy trade. Read “Looking For The Next Big Stock Market Winners? Start With These 3 Steps” for more tips. Also, check out “Stocks To Buy And Watch: Top IPOs, Big And Small Caps, Growth Stocks.”
Top and bottom line growth moved higher last quarter. Earnings were up 189%, compared to 63% in the prior report. Revenue increased from 53% to 93%. Keep an eye out for the company’s next round of numbers on or around Jul. 28.
Advanced Micro Devices holds the No. 3 rank among its peers in the Electronics-Semiconductor Fabless industry group. Nvidia (NVDA) and Advanced Micro Devices (AMD) are also among the group’s highest-rated stocks. For more industry news, check out “Chip Stocks To Watch And Semiconductor Industry News.”
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