On Tuesday, Amkor Technology’s (AMKR) Relative Strength Score (RS) increased from 79 to 84, propelling the stock to a new high. This rating, on a scale of 1 to 99, compares the stock’s price performance over the past 52 weeks with all other stocks in the database. Stocks with an RS rating above 80 at the start of their biggest price movements tend to see significant gains.
Currently, Amkor Technology shares are trading at a consolidation level of 37.00, with investors keeping an eye on heavy trading to see if chip stocks will break out. In the most recent quarter, the company reported growth on both its top and bottom lines, with earnings up by 33% compared to -28% in the previous report and revenue increasing from -8% to -7%.
Amkor Technology ranks seventh among its peers in the Electronics & Semiconductors industry group. Taiwan Semiconductor ADR (TSM), NKSP Semiconductors (NKSPI), and ChipMOS Technologies ADR (IMOS) are among the top-rated stocks in this group. For more industry news and updates, investors can check “Chip Stocks to Watch and Semiconductor Industry News.” IBD offers tools for market timing, growth stock research, and long-term investing strategies for investors looking to make informed investment decisions.