In a welcome move, Arm Holdings ADR saw its Relative Strength Rating improve from 70 to 76 on Friday.
IBD's unique rating identifies price performance with a 1 (worst) to 99 (best) score. The grade shows how a stock's price movement over the trailing 52 weeks stacks up against all the other stocks in our database.
Decades of market research reveals that the stocks that go on to make the biggest gains typically have an 80 or higher RS Rating in the early stages of their moves. See if Arm Holdings ADR can continue to show renewed price strength and hit that benchmark.
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While the stock is not near a proper buy zone right now, see if it is able to form and break out from a proper chart pattern.
Arm Holdings ADR posted -19% EPS growth last quarter. Revenue increased 5%.
The company holds the No. 11 rank among its peers in the Electronics-Semiconductor Fabless industry group. Broadcom, NVIDIA and Astera Labs are among the top 5 highly rated stocks within the group.
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