In a welcome move, Arm Holdings ADR saw its Relative Strength Rating improve from 68 to 74 on Friday.
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This proprietary rating measures technical performance by using a 1 (worst) to 99 (best) score that identifies how a stock's price action over the trailing 52 weeks compares to other publicly traded companies.
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 largest climbs. See if Arm Holdings ADR can continue to show renewed price strength and clear that threshold.
Arm Holdings ADR is not currently showing a potential buy point. See if the stock goes on to form a promising consolidation that could spark a new run.
Taking a look at revenue and profit performance, Arm Holdings ADR has posted rising EPS growth over the last two quarters. Sales growth has also moved higher over the same time frame. The company is expected to report its next quarterly numbers on or around Jul. 30.
Arm Holdings ADR holds the No. 6 rank among its peers in the Electronics-Semiconductor Fabless industry group. Broadcom, NVIDIA and Rambus 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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