Amkor Technology (AMKR) saw its Relative Strength (RS) Rating increase from 79 to 84 on Tuesday, placing the stock in a new percentile. This rating, which falls on a scale of 1 to 99, compares a stock’s price performance over the past 52 weeks with all other stocks in a database. Historically, stocks with an RS Rating above 80 at the beginning of their largest price movements tend to experience the most significant gains.
Currently, Amkor Technology is consolidating with an entry point of 37.00. Investors are closely monitoring the chip stock to see if it can break out during heavy trading. In Q4, the company reported growth in both its top and bottom lines, with earnings up 33% compared to -28% in the previous report and revenue increasing from -8% to -7%.
Within the Electronics-Semiconductor Manufacturing industry group, Amkor Technology holds the No. 7 rank among its peers. Other top-rated stocks in this group include Taiwan Semiconductor ADR (TSM), NXP Semiconductors (NXPI), and ChipMOS Technologies ADR (IMOS). For more industry news and updates, investors can check out “Chip Stocks To Watch And Semiconductor Industry News.” Additionally, IBD offers tools that can help investors with market timing, growth stock research, and long-term investments.