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Stocks Showing Rising Market Leadership: Rogers Earns 82 RS Rating

Rogers (ROG) had its Relative Strength (RS) Rating upgraded from 78 to 82 Monday.




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

IBD’s unique RS Rating measures technical performance by using a 1 (worst) to 99 (best) score that shows how a stock’s price action over the trailing 52 weeks matches up against the rest of the market.

History reveals that the top-performing stocks typically have an RS Rating of at least 80 in the early stages of their moves.


See How IBD Helps You Make More Money In Stocks


Rogers is now considered extended and out of buy range after clearing a 134.70 buy point in a first-stage cup without handle. See if the stock forms a new pattern or follow-on buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week line.

In terms of revenue and profits, the company has posted three quarters of increasing earnings growth. Revenue gains have also moved higher during the same period. Rogers is expected to report its next quarterly numbers on or around Apr. 30.

The company earns the No. 12 rank among its peers in the Electronics-Semiconductor Manufacturing industry group. Amkor Technology (AMKR) and Chipmos Technologies (IMOS) are also among the group’s highest-rated stocks.

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