SiTime saw a welcome improvement to its Relative Strength (RS) Rating on Monday, rising from 89 to 92.
How To Use Stock Charts To Stay Profitable And Protected
IBD's unique RS Rating identifies technical performance by using a 1 (worst) to 99 (best) score that identifies how a stock's price performance over the trailing 52 weeks matches up against all other stocks in our database.
History shows that the stocks that go on to make the biggest gains tend to have an 80 or better RS Rating as they launch their biggest price moves.
SiTime is now considered extended and out of buy range after clearing a 147.82 buy point in a first-stage cup with handle. See if the stock forms a new pattern or follow-on buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week line.
EPS growth decreased in the company's most recent report from 100% to 0%, but revenue rose from 61% to 83%. The company is expected to report its latest performance numbers on or around Jul. 30.
The company earns the No. 5 rank among its peers in the Electronics-Semiconductor Fabless industry group. Arm Holdings ADR is the top-ranked stock 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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