Taiwan Semiconductor ( TSM ) stock had its Relative Strength (RS) Rating upgraded from 70 to 76 Wednesday — a welcome improvement, but still below 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. IBD's unique rating measures price movement with a 1 (worst) to 99 (best) score. The score shows how a stock's price behavior over the trailing 52 weeks compares to all the other stocks in our database. Over 100 years of market history reveals that the stocks that go on to make the biggest gains tend to have an RS Rating of above 80 as they launch their largest runs. See if Taiwan Semiconductor can continue to show renewed price strength and hit that benchmark. Looking For Winning Stocks? Try This Simple Routine Is Taiwan Semiconductor Stock A Buy? Taiwan Semiconductor stock is trying to complete a consolidation with a 142.30 buy point . See if it can clear the breakout price in heavy trading. It's a later-stage pattern, and investors should be aware that those are less likely to lead to significant gains. Read " Looking For The Next Big Stock Market Winners? Start With These 3 Steps " for more tips. Also, check out " Stocks To Buy And Watch: Top IPOs, Big And Small Caps, Growth Stocks ." Earnings growth declined last quarter from 28% to 18%. But revenue moved higher, from 24% to 26%. Taiwan Semiconductor stock holds the No. 11 rank among its peers in the Electronics-Semiconductor Manufacturing industry group. Power Integrations ( POWI ) and Diodes ( DIOD ) are also among the group's highest-rated stocks. For more industry news, check out " Chip Stocks To Watch And Semiconductor Industry News ." IBD Newsletters Get exclusive IBD analysis and actionable news daily. IBD Newsletters Get exclusive IBD analysis and actionable news daily. Get these newsletters delivered to your inbox & more info about our products & services. Privacy Policy & Terms of Use Thank You! You will now receive IBD Newsletters Something Went Wrong! Please contact customer service YOU MIGHT ALSO LIKE: MarketSmith's Tools Can Help The Individual Investor IBD Live: A New Tool For Daily Stock Market Analysis Profit From Short-Term Trends With SwingTrader How To Research Growth Stocks: Why This IBD Tool Simplifies The Search For Top Stocks