Ambarella had its Relative Strength (RS) Rating upgraded from 67 to 77 Wednesday — a welcome improvement, but still short of the 80 or higher score you prefer to see.
Can You Really Time The Stock Market?
This exclusive rating from Investor's Business Daily tracks price performance with a 1 (worst) to 99 (best) score. The score shows how a stock's price movement over the last 52 weeks stacks up against all the other stocks in our database.
History reveals that the stocks that go on to make the biggest gains typically have an 80 or higher RS Rating as they launch their biggest runs. See if Ambarella can continue to rebound and hit that benchmark.
While it's not currently an ideal time to jump in, see if the stock is able to offer and clear a proper buy point.
The company showed 0% earnings growth in the latest quarterly report. Sales gains came in at 63%. Look for the next report on or around May 29.
The company earns the No. 9 rank among its peers in the Electronics-Semiconductor Fabless industry group. Broadcom, Monolithic Power Systems and NVIDIA 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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