The Relative Strength (RS) Rating for Nvidia (NVDA) entered a new percentile Tuesday, with an increase from 70 to 80.
X
As you try to find the best stocks to buy and watch, be sure to pay attention to relative price strength.
IBD’s unique rating identifies share price performance with a 1 (worst) to 99 (best) score. The score shows how a stock’s price behavior over the last 52 weeks holds up against all the other stocks in our database.
Decades of market research reveals that the top-performing stocks tend to have an 80 or higher RS Rating as they begin their biggest price moves.
Looking For The Best Stocks To Buy And Watch? Start Here
Nvidia is not currently showing a potential buy point. It is still living below key moving averages. See if the stock goes on to build a base that could kick off a new climb, particularly once growth stocks return to favor.
Top and bottom line growth moved higher in the company’s most recent quarter. Earnings were up 69%, compared to 60% in the prior report. Revenue increased from 50% to 53%.
The company earns the No. 4 rank among its peers in the Electronics-Semiconductor Fabless industry group. Rambus (RMBS) and Alpha & Omega Semiconductor (AOSL) are also among the group’s highest-rated stocks.
Stocks To Buy And Watch: Top IPOs, Big And Small Caps, Growth Stocks
YOU MIGHT ALSO LIKE:
Join IBD Live And Learn Top Chart-Reading And Trading Techniques From The Pros
MarketSmith’s Tools Can Help The Individual Investor
Profit From Short-Term Trends With SwingTrader
Get Timely Buy & Sell Alerts With IBD Leaderboard
Find The Best Long-Term Investments With IBD Long-Term Leaders
IBD Digital: Get access to subscriber-only stock lists and market analysis. Plus, add the weekly print edition for your weekend prep.
Source: https://www.investors.com/research/nvidia-shows-market-leadership-with-jump-to-80-rs-rating/?src=A00220&yptr=yahoo