On Tuesday, the Relative Strength (RS) Rating for Amkor Technology (AMKR) improved from 79 to 84, placing it in a new percentile. This rating, which ranges from 1 to 99 and reflects the stock’s performance relative to others in the database over the past 52 weeks, indicates that Amkor Technology has been growing steadily.
Amkor Technology is currently in a consolidation phase and is awaiting a potential entry point at 37.00. Investors should closely monitor the stock for any significant price movements on heavy trading volume. In the Electronics-Semiconductor Manufacturing industry group, Amkor Technology ranks No. 7 among its peers. Other top-rated stocks in this group include Taiwan Semiconductor ADR (TSM), NXP Semiconductors (NXPI), and ChipMOS Technologies ADR (IMOS).
To improve their stock-picking skills, investors can focus on various factors such as RS Rating, growth in both top and bottom lines, and industry rankings. Utilizing tools like IBD’s ETF Market Strategy for growth stock recommendations and Long-Term Leaders for long-term investment ideas can help investors research and identify potential top stocks. For more industry news and updates, refer to “Chip Stocks To Watch And Semiconductor Industry News.”
