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Cohu Stock Chips Up With 82 RS Rating

On Wednesday, Cohu (COHU) hit a key technical benchmark, seeing its Relative Strength Rating jump into the 80-plus percentile with an improvement to 82, up from 77 the day before. Its above-80 RS Rating makes Cohu stock one to watch.




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As you try to find the best stocks to buy and watch, be sure to pay attention to relative price strength.

IBD’s proprietary rating tracks market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock’s price behavior over the last 52 weeks holds up against all the other stocks in our database.

Decades of market research reveals that the stocks that go on to make the biggest gains typically have an 80 or higher RS Rating as they launch their biggest climbs. This makes Cohu stock’s 82 RS Rating worth noting.


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Is Cohu Stock A Buy?

Cohu stock has risen more than 5% past a 20.18 entry in a first-stage consolidation, meaning it’s now out of a proper buy range. Look for Cohu stock to offer a new chance to pick up shares like a three-weeks-tight pattern or a pullback to the 50-day or 10-week line.

In terms of fundamentals, Cohu has posted two quarters of increasing earnings growth. Top-line growth has also risen over the same time frame. The maker of chip-testing gear is expected to release its next quarterly numbers on or around July 30.

Cohu stock earns the No. 10 rank among its peers in the Electronics-Semiconductor Equipment industry group. ASML Holdings (ASML) and Entegris (ENTG) are also among the group’s highest-rated stocks.

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