In a welcome move, British semiconductor and software design company based in Cambridge, England ARM Holdings plc saw its Relative Strength Rating rise from 70 to 76 on Friday.
IBD’s unique rating tracks share price movement with a 1 (worst) to 99 (best) score. The grade shows how a stock’s price behavior over the trailing 52 weeks compares to all the other stocks in our database.
Decades of market research reveals that the best-performing stocks tend to have an RS Rating north of 80 in the early stages of their moves. See if Arm Holdings ADR can continue to rebound and hit that benchmark.
Arm Holdings ADR is not currently offering a proper buying opportunity. See if the stock goes on to build a chart pattern that could spark a new run.
Taking a look at top and bottom line numbers, the company has posted two quarters of accelerating earnings growth. Sales gains have also risen during the same period.
Arm Holdings ADR holds the No. 5 rank among its peers in the Electronics-Semiconductor Fabless industry group. Broadcom (AVGO) is the top-ranked stock within the group.
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.
Source: Investor’s Business Daily
