On Tuesday, Amkor Technology (AMKR) experienced a boost in its Relative Strength (RS) Rating, which increased from 79 to 84. This score, on a scale of 1 to 99, measures the stock’s price performance over the last 52 weeks compared to other stocks in a database. Stocks with an RS Rating above 80 tend to see significant gains during their biggest price movements.
Currently, Amkor Technology is consolidating with an entry point of 37.00, and investors are closely watching to see if the chip stock can break out during heavy trading. In the last quarter, the company reported growth in both its top and bottom lines, with earnings up by 33% compared to -28% in the previous report and revenue increasing from -8% to -7%.
Amkor Technology holds the No. 7 rank among its peers in the Electronics-Semiconductor Manufacturing industry group. 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 to help investors with market timing, growth stock research, and long-term investments.
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