Rambus saw a positive improvement to its Relative Strength (RS) Rating on Tuesday, rising from 67 to 73.
IBD's proprietary RS Rating identifies market leadership by using a 1 (worst) to 99 (best) score that indicates how a stock's price action over the last 52 weeks compares to other publicly traded companies.
Over 100 years of market history reveals that the best stocks typically have an 80 or better RS Rating as they begin their largest runs. See if Rambus can continue to show renewed price strength and clear that threshold.
How To Invest In Stocks In Both Bull And Bear Markets
Now is not an ideal time to jump in since it isn't near a proper buy zone, but see if the stock is able to form a chart pattern and break out.
Top and bottom line growth moved higher in the company's most recent quarter. Earnings were up 125%, compared to 35% in the prior report. Revenue increased from 10% to 38%.
Rambus earns the No. 5 rank among its peers in the Electronics-Semiconductor Fabless industry group. Broadcom is the top-ranked stock within the group.
RELATED:
Chip Stocks To Watch And Semiconductor Industry News
Stocks With Rising Relative Strength Ratings
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!
