Ambarella had its Relative Strength (RS) Rating upgraded from 79 to 84 Monday.
IBD's unique RS Rating tracks technical performance by showing how a stock's price action over the last 52 weeks measures up against that of other stocks on the major indexes.
Decades of market research reveals that the stocks that go on to make the biggest gains typically have an RS Rating north of 80 in the early stages of their moves.
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Ambarella is trying to complete a consolidation with a 65.88 entry. See if it can break out in volume at least 40% higher than normal.
Ambarella showed 0% earnings growth in the latest quarterly report. Sales rose 3%. Look for the next report on or around Nov. 28.
Ambarella holds the No. 15 rank among its peers in the Electronics-Semiconductor Fabless industry group. Impinj, NVIDIA and Broadcom are among the top 5 highly rated stocks within the group.
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