Stocks Generating Improved Relative Strength: Tower Semiconductor

In a welcome move, Tower Semiconductor (TSEM) saw its Relative Strength Rating rise from 68 to 71 on Tuesday.

When looking for the best stocks to buy and watch, be sure to pay attention to relative price strength.

This unique rating measures market leadership by using a 1 (worst) to 99 (best) score that indicates how a stock’s price action over the trailing 52 weeks compares to other publicly traded companies.

History shows that the stocks that go on to make the biggest gains typically have an RS Rating of at least 80 in the early stages of their moves. See if Tower Semiconductor can continue to show renewed price strength and clear that threshold.

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Tower Semiconductor is working on a consolidation with a 34.55 buy point. See if the stock can break out in volume at least 40% higher than normal.

In terms of top and bottom line numbers, the company has posted rising EPS growth over the last two quarters. Top line growth has also increased during the same period. Tower Semiconductor is expected to release its next quarterly numbers on or around Jul. 29.

The company holds the No. 19 rank among its peers in the Electronics-Semiconductor Manufacturing industry group. Analog Devices (ADI) and Amkor Technology (AMKR) are also among the group’s highest-rated stocks.


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