Astera Labs saw a welcome improvement to its Relative Strength (RS) Rating on Wednesday, rising from 89 to 92.
This unique rating tracks technical performance by using a 1 (worst) to 99 (best) score that indicates how a stock's price action over the trailing 52 weeks matches up against the rest of the market.
Over 100 years of market history reveals that the best stocks typically have an RS Rating north of 80 at the beginning of a new climb.
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Astera Labs is not currently showing a potential entry point. See if the stock goes on to build a base that could launch a new move.
The company reported 0% EPS growth in the latest quarterly report, while sales growth came in at 206%. The company is expected to report its latest performance numbers on or around Feb. 10.
The company earns the No. 12 rank among its peers in the Electronics-Semiconductor Fabless industry group. Broadcom, Rambus and NVIDIA are among the top 5 highly rated stocks within the group.
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