Chipmaker Semtech Stock Jumps To Higher RS Level; Hits Key Technical Benchmark

Semtech stock saw a positive improvement to its Relative Strength (RS) Rating on Tuesday, with an upgrade from 70 to 86. IBD's unique RS Rating tracks market leadership by using a 1 (worst) to 99 (best) score that identifies how a stock's price action over the trailing 52 weeks matches up against the rest of the market. Decades of market research reveals that the market's biggest winners tend to have an RS Rating of at least 80 in the early stages of their moves.