The Chart of the Day belongs to Ambarella (NASDAQ: AMBA). I found the stock by sorting the All Time High list for the best technical buy signals, then used the Flipchart feature to find the chart I liked best. Since the Trend Spotter signaled a buy on 8/19 ht stock gained 43.55%.

AMBA 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:

• 100% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 8 new highs and up 29.49% in the last month
• Relative Strength Index 72.45%
• Barchart computes a technical support level at 39.08
• Recently traded at 44..42 with a 50 day moving average of 33.42

Fundamental factors:

• Market Cap $1.30 billion
• P/E 42.27
• Revenue predicted to grow 27.30% this year and another 21.10% next year
• Earnings estimated to increase 35.50% this year and an additional 14.10% next year
• Wall Street analysts issued 2 strong buy, 3 buy and 4 hold recommendations on the stock

The P/E is a little heady so I'd watch the 50 and 100 day moving averages for weakness and exit points.