On Thursday, Rambus hit a noteworthy performance benchmark, with its Relative Strength (RS) Rating moving into the 80-plus percentile with an improvement to 81, up from 72 the day before.
IBD's unique rating tracks market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price movement over the trailing 52 weeks stacks up against all the other stocks in our database.
Decades of market research reveals that the top-performing stocks typically have an 80 or better RS Rating in the early stages of their moves.
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While it's not currently an ideal time to buy shares, see if the stock is able to offer and clear an appropriate buy point.
The company reported 49% earnings growth in the latest quarterly report. Revenue gains came in at 32%.
The company holds the No. 1 rank among its peers in the Electronics-Semiconductor Fabless industry group. Broadcom and NVIDIA 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.
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