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Ambarella Inc has the Best Relative Performance in the Semiconductors Industry (AMBA , MU , NPTN , AMD , SMTC )

By Nick Russo

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 7.25%; Micron Tech (NASDAQ:MU ) ranks second with a gain of 4.61%; and Neophotonics Cor (NYSE:NPTN ) ranks third with a gain of 3.69%.

Adv Micro Device (NASDAQ:AMD ) follows with a gain of 2.97% and Semtech Corp (NASDAQ:SMTC ) rounds out the top five with a gain of 2.10%.

SmarTrend recommended that subscribers consider buying shares of Semtech Corp on March 12th, 2018 as our technology indicated a new Uptrend was in progress when shares hit $35.28. Since that recommendation, shares of Semtech Corp have risen 21.8%. We continue to monitor Semtech Corp for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: relative performance ambarella inc micron tech neophotonics cor adv micro device semtech corp