SiTime had its Relative Strength (RS) Rating upgraded from 88 to 91 Tuesday.
Here Are 3 Keys For Successful Stock Investing
This proprietary rating tracks market leadership 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 all other stocks in our database.
Decades of market research reveals that the stocks that go on to make the biggest gains often have an RS Rating north of 80 as they begin their biggest runs.
SiTime has moved more than 5% past a 243.35 entry in a first-stage cup without handle, meaning it's now out of a proper buy zone. Look for the stock to offer a new buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week line.
Earnings growth moved up in the company's most recent report from 0% to 292%, but the top line fell from 83% to 58%.
The company 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.
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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