Indie Semiconductor Stock Sees RS Rating Climb To 73 Before Earnings

Indie Semiconductor (INDI) saw a welcome improvement to its Relative Strength (RS) Rating on Thursday, rising from 67 to 73.


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

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

Over 100 years of market history shows that the best-performing stocks often have an RS Rating of at least 80 as they begin their biggest price moves. See if Indie Semiconductor Cl A can continue to rebound and clear that threshold.

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Indie Semiconductor stock is trying to complete a cup with handle with a 12.80 entry. See if it can break out in heavy trade.

Indie Semiconductor stock saw both earnings and sales growth rise last quarter. Earnings-per-share increased from 0% to 159%. Revenue rose from 74% to 147%. The company is expected to report its latest results on or around Nov. 13.

The company earns the No. 18 rank among its peers in the Electronics-Semiconductor Manufacturing industry group. ON Semiconductor (ON) and Diodes (DIOD) are also among the group’s highest-rated stocks.


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