On Thursday, Arm Holdings stock received a positive adjustment to its Relative Strength (RS) Rating, from 66 to 73.
IBD's proprietary RS Rating measures technical performance by using a 1 (worst) to 99 (best) score that indicates how a stock's price action over the last 52 weeks compares to other publicly traded companies.
Decades of market research reveals that the best stocks tend to have an RS Rating of above 80 in the early stages of their moves. See if Arm Holdings stock can continue to rebound and hit that benchmark.
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Is Arm Holdings Stock A Buy?
Arm Holdings stock is building a cup with handle with a 164.16 entry. See if the chip stock can break out in volume at least 40% higher than normal.
The chip company showed -19% earnings growth in its most recent report, while sales growth came in at 5%.
Arm Holdings stock earns the No. 11 rank among its peers in the Electronics-Semiconductor Fabless industry group. Broadcom, NVIDIA and Astera Labs 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."
