Stock Upgrades: Commscope Shows Rising Relative Strength

The Relative Strength (RS) Rating for Commscope (COMM) jumped into a new percentile Monday, with a rise from 79 to 85.

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

IBD’s proprietary RS Rating tracks technical performance by showing how a stock’s price action over the last 52 weeks compares to that of other stocks on the major indexes.

Decades of market research reveals that the market’s biggest winners typically have an RS Rating north of 80 in the early stages of their moves.

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

While it’s not currently an ideal time to invest, see if the stock manages to offer and clear a proper buy point.

Commscope saw both earnings and sales growth rise last quarter. Earnings-per-share increased from -7% to 28%. Revenue rose from -9% to -7%. The company is expected to report its latest numbers on or around May 7.

Commscope earns the No. 5 rank among its peers in the Telecom-Infrastructure industry group. Cambium Networks (CMBM) and Ubiquiti Networks (UI) are also among the group’s highest-rated stocks.


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