Semtech Stock Generating Improved Relative Strength Nearing Pivot

Semtech (SMTC) had its Relative Strength (RS) Rating upgraded from 69 to 72 Tuesday — a welcome improvement, but still short of the 80 or higher score you look for.


When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.

IBD’s unique rating tracks share price movement with a 1 (worst) to 99 (best) score. The score shows how a stock’s price performance over the trailing 52 weeks holds up against all the other stocks in our database.

Decades of market research shows that the best stocks often have an RS Rating of over 80 as they launch their largest price moves. See if Semtech can continue to show renewed price strength and hit that benchmark.

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Semtech stock is trying to complete a cup with handle with a 79.54 buy point. See if the stock can break out in heavy trade.

The company showed 51% earnings growth in its most recent report. Sales rose 29%.

Semtech stock earns the No. 11 rank among its peers in the Electronics-Semiconductor Fabless industry group. Lattice Semiconductor (LSCC) and Monolithic Power Systems (MPWR) are also among the group’s highest-rated stocks.


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