Arteris saw a positive improvement to its Relative Strength (RS) Rating on Wednesday, with an increase from 88 to 96.
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This unique rating identifies market leadership by showing how a stock's price movement over the last 52 weeks measures up against that of the other stocks in our database.
Over 100 years of market history shows that the market's biggest winners typically have an 80 or higher RS Rating at the beginning of a new price run.
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 moving average.
The company posted 0% EPS growth in its most recent report, while sales growth came in at 13%.
Arteris earns the No. 11 rank among its peers in the Electronics-Semiconductor Fabless industry group. Astera Labs, Advanced Micro Devices and Broadcom are among the top 5 highly rated stocks 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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