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The Chart of the Day belongs to Ambarella (AMBA). I found the stock by sorting the All Time High list for the stocks having the highest technical buy signals then used the Flipchart feature to review the charts. Since the Trend Spotter signaled a buy on 2/24 the stock gained 17.42%.
Ambarella, Inc. develops video compression and image processing semiconductors. The Company's products are used in digital still cameras, digital camcorders, and video-enabled mobile phones. Ambarella sells its solutions to original design manufacturers and original equipment manufacturers. Its technology is also used in television broadcasting infrastructure systems.
Barchart's Opinion trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 10 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com web site when you read this report.
Barchart technical indicators:
The 50-100 Day MACD Oscillator has been a very reliable technical trading strategy for this stock and should continue to be used to determine entry and exit points.
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