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Ambarella Inc is Among the Companies in the Semiconductors Industry with the Best Relative Performance (AMBA , MRVL , MCHP , QRVO , ON )

By Amy Schwartz

We looked at the Semiconductors industry and measured relative performance to find the top stocks. Relative outperformance is a bullish sign of underlying fundamental and technical strength. We look at yesterday's price action of all companies in this peer group.

Ambarella Inc (NASDAQ:AMBA ) ranks first with a gain of 3.20%; Marvell Tech Grp (NASDAQ:MRVL ) ranks second with a gain of 1.96%; and Microchip Tech (NASDAQ:MCHP ) ranks third with a gain of 1.90%.

Qorvo Inc (NASDAQ:QRVO ) follows with a gain of 1.56% and On Semiconductor (NASDAQ:ON ) rounds out the top five with a gain of 1.49%.

SmarTrend recommended that its subscribers protect gains by selling shares of On Semiconductor on July 31st, 2018 by issuing a Downtrend alert when the shares were trading at $22.35. Since that call, shares of On Semiconductor have fallen 27.9%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: relative performance ambarella inc marvell tech grp microchip tech qorvo inc ON Semiconductor