On Wednesday, Arteris earned an upgrade to its Relative Strength (RS) Rating, from 77 to 85.
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This exclusive rating from Investor's Business Daily measures market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock's price performance over the last 52 weeks holds up against all the other stocks in our database.
Over 100 years of market history reveals that the stocks that go on to make the biggest gains often have an RS Rating of above 80 as they begin their biggest runs.
Arteris is now considered extended and out of buy range after clearing a 9.31 buy point in a first-stage consolidation. See if the stock forms a new pattern or follow-on buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week line.
Arteris posted 0% EPS growth last quarter, while sales growth came in at 13%.
The company holds the No. -1 rank among its peers in the Electronics-Semiconductor Fabless industry 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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