When building your watch list, focus on stocks with an 80 or higher RS Rating. Ambarella just cleared that benchmark with an upgrade from 79 to 85.
This exclusive rating from Investor's Business Daily tracks price action with a 1 (worst) to 99 (best) score. The rating shows how a stock's price performance over the last 52 weeks compares to all the other stocks in our database.
History shows that the market's biggest winners typically have an RS Rating north of 80 in the early stages of their moves.
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Ambarella is working on a consolidation with a 65.88 buy point. See if it can break out in heavy volume.
Ambarella showed 0% EPS growth last quarter, while sales growth came in at 3%. The company is expected to report its latest earnings and sales numbers on or around Nov. 28.
Ambarella earns the No. 15 rank among its peers in the Electronics-Semiconductor Fabless industry group. Broadcom, NVIDIA and Impinj are among the top 5 highly rated stocks within the group.
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