Stock Upgrades: Diodes Shows Rising Relative Strength

When looking for the best stocks to buy and watch, focus on those with rising relative price strength.

One stock that fits that bill is Diodes (DIOD), which had its Relative Strength (RS) Rating upgraded from 79 to 83 Friday.


As you try to find the best stocks to buy and watch, keep a close on eye on relative price strength.

This exclusive rating from Investor’s Business Daily measures price performance with a 1 (worst) to 99 (best) score. The grade shows how a stock’s price behavior over the trailing 52 weeks compares to all the other stocks in our database.

Decades of market research shows that the best-performing stocks tend to have an RS Rating north of 80 in the early stages of their moves.

Looking For The Best Stocks To Buy And Watch? Start Here

Diodes is trying to complete a flat base with a 98.98 entry. See if the stock can clear the breakout price in volume at least 40% higher than normal.

In terms of fundamentals, the company has posted rising EPS growth in each of the last five reports. Top line growth has also moved higher during the same period. The company is expected to report its next quarterly numbers on or around Nov. 9.

Diodes holds the No. 3 rank among its peers in the Electronics-Semiconductor Manufacturing industry group. ON Semiconductor (ON) and Diodes (DIOD) are also among the group’s highest-rated stocks.


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