Arm Holdings ADR had its Relative Strength (RS) Rating upgraded from 75 to 82 Thursday.
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This proprietary rating tracks technical performance by showing how a stock's price action over the last 52 weeks compares to that of other stocks on the major indexes.
Decades of market research shows that the stocks that go on to make the biggest gains often have an 80 or better RS Rating as they launch their biggest price moves.
Now is not an ideal time to jump in since it isn't near a proper buy zone, but see if the stock manages to establish and enter a buy zone in heavy volume.
In terms of revenue and profits, the company has posted rising EPS growth in each of the last two reports. Sales growth has also risen during the same period. Arm Holdings ADR is expected to release its next quarterly numbers on or around Jul. 30.
The company holds the No. 6 rank among its peers in the Electronics-Semiconductor Fabless industry group. Credo Tech Group, Advanced Micro Devices and Broadcom 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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