Stock Upgrades: Avnet Shows Rising Relative Strength

Avnet (AVT) had its Relative Strength (RS) Rating upgraded from 70 to 74 Friday — a welcome improvement, but still short of the 80 or higher score you look for.


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

This exclusive rating from Investor’s Business Daily identifies price performance with a 1 (worst) to 99 (best) score. The score shows how a stock’s price behavior over the last 52 weeks stacks up against all the other stocks in our database.

History reveals that the best stocks tend to have an RS Rating of over 80 in the early stages of their moves. See if Avnet can continue to rebound and clear that threshold.

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Avnet is working on a consolidation with a 45.53 entry. See if it can clear the breakout price in heavy volume.

Taking a look at top and bottom line numbers, Avnet has posted two quarters of accelerating earnings growth. Sales gains have also increased during the same period. Avnet is expected to report its next quarterly numbers on or around Aug. 6.

The company earns the No. 14 rank among its peers in the Electronics-Parts industry group. Vicor (VICR) and TE Connectivity (TEL) are also among the group’s highest-rated stocks.


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