On Friday, Arm Holdings earned a positive adjustment to its Relative Strength (RS) Rating, from 90 to 98. Thanks to the huge move up after earnings the RS rating soared.
When you're researching the best stocks to buy and watch, be sure to pay attention to relative price strength. This exclusive rating from Investor's Business Daily measures market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price performance over the last 52 weeks compares to all the other stocks in our database.
Over 100 years of market history shows that the best stocks typically have an RS Rating of over 80 as they begin their biggest price moves.
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The IBD 50 stock has risen way past the 69.00 entry in a first-stage cup without handle, meaning it's now out of a proper buy range. Look for the stock to create a new buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week line.
ARM Stock Earnings
The company posted 32% EPS growth last quarter, while sales growth came in at 14%.
Arm Holdings earns the No. 1 rank among its peers in the Electronics-Semiconductor Fabless industry group. NVIDIA is also among the group's highest-rated stocks.
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