II-VI Getting Closer To Key Technical Benchmark

The Relative Strength (RS) Rating for II-VI (IIVI) entered a higher percentile Thursday, as it got a lift from 67 to 72.


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

This exclusive rating from Investor’s Business Daily tracks share price movement with a 1 (worst) to 99 (best) score. The grade 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 best stocks typically have an 80 or better RS Rating in the early stages of their moves. See if II-VI can continue to rebound and clear that threshold.

Looking For The Best Stocks To Buy And Watch? Start Here

II-VI has climbed more than 5% past a 48.10 entry in a first-stage cup with handle, meaning it’s now out of a proper buy range. Look for the stock to create a new chance to pick up shares like a three-weeks tight or pullback to the 50-day or 10-week line.

Earnings growth for the manufacturer of optical materials and semiconductors rose last quarter from 58% to 170%. But II-VI’s revenue gains fell from 114% to 18%.

II-VI earns the No. 2 rank among its peers in the Electronics-Parts industry group. Vishay Intertechnology (VSH) is also among the group’s highest-rated stocks.


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