NVIDIA had its Relative Strength (RS) Rating upgraded from 79 to 85 Thursday.
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IBD's proprietary rating tracks share price movement with a 1 (worst) to 99 (best) score. The score shows how a stock's price behavior over the trailing 52 weeks stacks up against all the other stocks in our database.
Decades of market research shows that the stocks that go on to make the biggest gains typically have an RS Rating north of 80 as they begin their biggest price moves.
The Sector Leaders stock is trying to complete a consolidation with a 153.13 buy point. See if it can break out in volume at least 40% above average.
The company showed 71% earnings growth last quarter, while sales growth came in at 78%. Keep an eye out for the company's next round of numbers on or around May 28.
NVIDIA holds the No. 2 rank among its peers in the Electronics-Semiconductor Fabless industry group. Broadcom is the top-ranked stock 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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