Rambus had its Relative Strength (RS) Rating upgraded from 68 to 73 Tuesday — a welcome improvement, but still shy of the 80 or better score you prefer to see.
IBD's unique rating tracks price performance with a 1 (worst) to 99 (best) score. The grade shows how a stock's price behavior over the trailing 52 weeks stacks up against all the other stocks in our database.
Decades of market research shows that the stocks that go on to make the biggest gains typically have an RS Rating north of 80 as they launch their largest price moves. See if Rambus can continue to show renewed price strength and hit that benchmark.
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Rambus is building a flat base with a 60.84 buy point. See if it can clear the breakout price in heavy trading.
Earnings grew 125% last quarter, up from 35% in the prior report. Revenue also increased, from 10% to 38%. The company is expected to report its latest numbers on or around Feb. 3.
Rambus earns the No. 2 rank among its peers in the Electronics-Semiconductor Fabless industry group. Broadcom is the top-ranked stock within the group.
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