TSM stock has moved more than 5% past an 84.10 entry in a third-stage flat base, meaning it’s now out of a proper buy range. Look for the stock to offer a new buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week line.
As you try to find the best stocks to buy and watch, be sure to pay attention to relative price strength.
This unique rating tracks market leadership by using a 1 (worst) to 99 (best) score that shows how a stock’s price performance over the trailing 52 weeks stacks up against all the other stocks in our database.
Over 100 years of market history shows that the best stocks often have an RS Rating of over 80 as they begin their largest climbs. See if Taiwan Semiconductor can continue to show renewed price strength and clear that threshold.
Earnings growth dropped last quarter from 31% to 28%, but sales rose from 21% to 24%.
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