The Relative Strength (RS) Rating for Silicon Laboratories jumped into a new percentile Wednesday, with a rise from 75 to 84.
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This proprietary rating measures technical performance by using a 1 (worst) to 99 (best) score that indicates how a stock's price action over the trailing 52 weeks matches up against other publicly traded companies.
Decades of market research shows that the market's biggest winners often have an RS Rating of above 80 in the early stages of their moves.
Silicon Laboratories is trading within a buy range after climbing above a 135.19 entry in a cup with handle. Once a stock moves 5% or higher beyond the original entry, it's considered out of buy range.
The company reported 0% earnings growth in its most recent report, while sales growth came in at 67%.
Silicon Laboratories earns the No. 10 rank among its peers in the Electronics-Semiconductor Fabless industry group. Broadcom, Monolithic Power Systems and NVIDIA are among the top 5 highly rated stocks within the group.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
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