Get all your news in one place.
100’s of premium titles.
One app.
Start reading
Investors Business Daily
Investors Business Daily
Business
INVESTOR'S BUSINESS DAILY

Ambarella Clears Key Benchmark, Hitting 80-Plus RS Rating

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.

Looking For The Best Stocks To Buy And Watch? Start Here

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.

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!

Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.