The Relative Strength (RS) Rating for Silicon Motion Tech ADR moved into a new percentile Tuesday, as it got a lift from 65 to 74.
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This proprietary rating tracks technical performance by using a 1 (worst) to 99 (best) score that shows how a stock's price action over the trailing 52 weeks matched up against all other stocks.
Over 100 years of market history shows that the best stocks often have an 80 or higher RS Rating as they launch their biggest price moves. See if Silicon Motion Tech ADR can continue to show renewed price strength and clear that threshold.
While the stock is not near an ideal buy zone right now, see if it is able to form and break out of a proper consolidation.
Silicon Motion Tech ADR showed -6% EPS growth in its most recent report. Revenue increased -12%.
Silicon Motion Tech ADR holds the No. 6 rank among its peers in the Computer Software-Storage industry group. Seagate Technology, Western Digital and Micron Technology 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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