Rambus saw a welcome improvement to its Relative Strength (RS) Rating on Wednesday, rising from 68 to 72.
IBD's unique RS Rating measures technical performance by showing how a stock's price action over the last 52 weeks measures up against that of the other stocks in our database.
Decades of market research reveals that the best stocks typically have an 80 or higher RS Rating in the early stages of their moves. See if Rambus can continue to rebound and hit that benchmark.
Can You Really Time The Stock Market?
Rambus is not currently near a potential buy zone. See if the stock goes on to form a sound pattern that could ignite a new run.
Rambus showed 49% EPS growth in its most recent report. Revenue increased 32%.
The company earns the No. 1 rank among its peers in the Electronics-Semiconductor Fabless industry group. Broadcom and CEVA are also among the group's highest-rated stocks.
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
IBD Stock Rating Upgrades: Rising Relative Strength
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!
