The Relative Strength (RS) Rating for Silicon Motion Technology entered a new percentile Tuesday, with an increase from 78 to 84. SIMO stock continues to work toward a breakout.
As you try to find the best stocks to buy and watch, be sure to pay attention to relative price strength.
This exclusive rating from Investor's Business Daily measures market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock's price behavior over the last 52 weeks compares to all the other stocks in our database.
Decades of market research shows that the stocks that go on to make the biggest gains tend to have an RS Rating of at least 80 as they launch their biggest runs.
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SIMO Stock Tries Consolidation
The IBD 50 stock is trying to complete a consolidation with a 96.99 buy point. See if it can break out in heavy trade.
Silicon Motion showed 121% earnings growth in its most recent report, while sales growth came in at 84%. The next quarterly numbers are expected on or around May 5.
Silicon Motion Technology is the global leader in supplying Nand flash controllers for solid state storage devices and the merchant leader in supplying SSD controllers.
SIMO stock is the No. 1 rank among its peers in the Computer Software-Storage industry group.
