Rambus (RMBS) stock had its Relative Strength (RS) Rating upgraded from 69 to 77 Tuesday — a welcome improvement, but still shy of the 80 or better score you prefer to see.
↑ XThis exclusive rating from Investor's Business Daily measures share price action with a 1 (worst) to 99 (best) score. The score shows how a stock's price performance over the trailing 52 weeks stacks up against all the other stocks in our database.
Decades of market research reveals that the stocks that go on to make the biggest gains often have an RS Rating north of 80 in the early stages of their moves. See if Rambus can continue to rebound and clear that threshold.
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Rambus stock is currently trading in a cup-with-handle pattern with a 58.42 entry point and is still within buying range. Read "Looking For The Next Big Stock Market Winners? Start With These 3 Steps" for more tips.
The fabless chipmaker saw both earnings and sales growth rise last quarter. Earnings-per-share increased from 35% to 125%. Revenue rose from 10% to 38%.
Rambus stock holds the No. 2 rank among its peers in the Electronics-Semiconductor Fabless industry group. Broadcom (AVGO) is the top-ranked stock within the group. For more industry news, check out "Chip Stocks To Watch And Semiconductor Industry News."
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