The Relative Strength (RS) Rating for Ambarella entered a new percentile Monday, with an increase from 80 to 85.
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This proprietary 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 matches up against other publicly traded companies.
Decades of market research shows that the market's biggest winners typically have an RS Rating north of 80 as they launch their biggest price moves.
Ambarella is not currently near a potential buying area. See if the stock goes on to build a sound pattern that could spark a new run.
The company showed 0% earnings growth in its most recent report, while sales growth came in at 58%.
Ambarella holds the No. 10 rank among its peers in the Electronics-Semiconductor Fabless industry group. Broadcom, Arm Holdings ADR and Monolithic Power Systems are among the top 5 highly rated stocks within the group.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
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