On Wednesday, SiTime stock got a positive adjustment to its Relative Strength (RS) Rating, from 88 to 91.
Here Are 3 Keys For Successful Stock Investing
IBD's unique rating identifies market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price behavior over the trailing 52 weeks holds up against all the other stocks in our database.
Decades of market research reveals that the best stocks typically have an RS Rating of at least 80 at the beginning of a new run.
Is SiTime Stock A Buy?
SiTime stock pulled slightly back after clearing a cup-shaped base with 243.35 entry point. See if the stock can form a new pattern with a second buying opportunity.
Earnings growth moved up last quarter from 0% to 292%, but the top line fell from 83% to 58%.
SiTime stock earns the No. 1 rank among its peers in the Electronics-Semiconductor Fabless industry group. Broadcom and Credo Tech Group are also among the group's highest-rated stocks. For more industry news, check out "Chip Stocks To Watch And Semiconductor Industry News."
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