On Thursday, Rambus received an upgrade to its Relative Strength (RS) Rating, from 61 to 73.
How To Invest In Stocks In Both Bull And Bear Markets
IBD's unique RS Rating tracks market leadership by using a 1 (worst) to 99 (best) score that identifies how a stock's price performance over the last 52 weeks stacks up against all the other stocks in our database.
Over 100 years of market history reveals that the stocks that go on to make the biggest gains often have an RS Rating of at least 80 as they launch their largest climbs. See if Rambus can continue to rebound and clear that threshold.
Rambus is trying to complete a double bottom with a 59.80 entry. See if the stock can clear the breakout price in volume at least 40% above average.
Rambus saw both earnings and sales growth rise last quarter. Earnings-per-share increased from 49% to 76%. Revenue rose from 32% to 41%.
The company holds the No. 3 rank among its peers in the Electronics-Semiconductor Fabless industry group. Broadcom is the No. 1-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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