On Wednesday, Astera Labs got an upgrade to its Relative Strength (RS) Rating, from 86 to 92.
Looking For The Best Stocks To Buy And Watch? Start Here
IBD's proprietary rating identifies share price action with a 1 (worst) to 99 (best) score. The rating shows how a stock's price behavior over the trailing 52 weeks holds up against all the other stocks in our database.
History reveals that the best stocks tend to have an 80 or higher RS Rating as they begin their largest runs.
While the stock is not near an ideal buy zone right now, see if it is able to form and break out from a proper base.
Earnings growth rose last quarter from 208% to 267%, but revenue fell from 179% to 144%.
The company holds the No. 5 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.
RELATED:
Chip Stocks To Watch And Semiconductor Industry News
Stocks With Rising Relative Strength Ratings
Why Should You Use IBD's Relative Strength Rating?
How Relative Strength Line Can Help You Judge A Stock
Ready To Grow Your Investing Skills? Join An IBD Meetup Group!
