In a welcome move, Silicon Motion Tech ADR saw its Relative Strength Rating improve from 62 to 77 on Monday.
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IBD's unique RS Rating tracks market leadership by showing how a stock's price action over the last 52 weeks compares to that of the other stocks in our database.
History shows that the stocks that go on to make the biggest gains often have an RS Rating north of 80 in the early stages of their moves. See if Silicon Motion Tech ADR can continue to rebound and clear that threshold.
Silicon Motion Tech ADR is not currently near a potential buying area. See if the stock goes on to build a promising consolidation that could kick off a new price move.
The company posted -6% EPS growth in the latest quarterly report. Revenue increased -12%.
Silicon Motion Tech ADR earns 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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