Ambarella stock had its Relative Strength (RS) Rating upgraded from 68 to 74 Friday -- a welcome improvement, but still short of the 80 or better score you look for.
When looking for the best stocks to buy and watch, be sure to pay attention to relative price strength.
IBD's unique RS Rating identifies technical performance by showing how a stock's price action over the last 52 weeks compares to that of the other stocks in our database.
Decades of market research reveals that the market's biggest winners often have an 80 or higher RS Rating as they launch their biggest runs. See if Ambarella can continue to show renewed price strength and clear that threshold.
See How IBD Helps You Make More Money In Stocks
Is Ambarella Stock A Buy?
Ambarella stock is building a cup without handle with a 99.95 buy point. See if the stock can clear the breakout price in volume at least 40% higher than normal. Read "Looking For The Next Big Stock Market Winners? Start With These 3 Steps" for more tips.
Earnings growth moved up in the company's latest report from -49% to 0%, but revenue fell from -8% to -31%.
Ambarella stock earns the No. 22 rank among its peers in the Electronics-Semiconductor Fabless industry group. NVIDIA and Rambus are also among the group's highest-rated stocks. For more industry news, check out "Chip Stocks To Watch And Semiconductor Industry News."
