In a welcome move, Arm Holdings stock saw its Relative Strength Rating rise from 63 to 73 on Tuesday.
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IBD's unique RS Rating measures technical performance by showing how a stock's price movement over the last 52 weeks compares to that of the other stocks in our database.
History reveals that the best stocks tend to have an RS Rating north of 80 as they begin their biggest climbs. See if Arm Holdings stock can continue to show renewed price strength and hit that benchmark.
Is ARM Holdings Stock A Buy?
ARM Holdings stock recently retook its 200-day moving average. Now is not an ideal time to jump in since it isn't near a proper buy zone, but see if the chip stock is able to offer and clear an appropriate buy point.
In terms of fundamentals, the company has posted two quarters of accelerating earnings growth. Sales growth has also risen during the same period.
Arm Holdings stock holds the No. 7 rank among its peers in the Electronics-Semiconductor Fabless industry group. Broadcom, NVIDIA and SiTime are among the top 5 highly rated stocks within the group. For more industry news, check out "Chip Stocks To Watch And Semiconductor Industry News."
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.
