NVIDIA Stock Is Getting Closer To A Key Technical Benchmark

The Relative Strength (RS) Rating for NVIDIA (NVDA) moved up into a new percentile Tuesday, as it got a lift from 70 to 78.

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When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.

This exclusive rating from Investor’s Business Daily measures price performance with a 1 (worst) to 99 (best) score. The rating shows how a stock’s price performance over the last 52 weeks stacks up against all the other stocks in our database.

History reveals that the best-performing stocks often have an 80 or higher RS Rating as they begin their biggest runs. See if NVIDIA can continue to rebound and hit that benchmark.

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While now is not an ideal time to invest, see if the stock continues the recent upward move and goes on to offer and clear a proper buy point. Next earning report is not until late February.

Earnings growth moved up last quarter from -51% to -50%, but sales fell from 3% to -17%.

The company holds the No. 13 rank among its peers in the Electronics-Semiconductor Fabless industry group. Impinj (PI) and Broadcom (AVGO) are also among the group’s highest-rated stocks.

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