The Relative Strength (RS) Rating for NVIDIA moved up into a new percentile Tuesday, as it got a lift from 70 to 78.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
This exclusive rating from Investor's Business Daily measures price performance with a 1 (worst) to 99 (best) score. The rating shows how a stock's price performance over the last 52 weeks stacks up against all the other stocks in our database.
History reveals that the best-performing stocks often have an 80 or higher RS Rating as they begin their biggest runs. See if NVIDIA can continue to rebound and hit that benchmark.
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While now is not an ideal time to invest, see if the stock continues the recent upward move and goes on to offer and clear a proper buy point. Next earning report is not until late February.
Earnings growth moved up last quarter from -51% to -50%, but sales fell from 3% to -17%.
The company holds the No. 13 rank among its peers in the Electronics-Semiconductor Fabless industry group. Impinj and Broadcom are also among the group's highest-rated stocks.
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