In a welcome move, Silicon Laboratories saw its Relative Strength Rating rise from 63 to 75 on Tuesday.
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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.
Decades of market research shows that the best-performing stocks tend to have an RS Rating of above 80 as they launch their largest runs. See if Silicon Laboratories can continue to show renewed price strength and clear that threshold.
Silicon Laboratories is in a buying range after moving past a 135.19 entry in a cup with handle. Once a stock moves 5% or higher beyond the initial entry, it's considered out of a proper buy zone.
Silicon Laboratories reported 0% EPS growth last quarter. Revenue increased 67%.
Silicon Laboratories earns the No. 11 rank among its peers in the Electronics-Semiconductor Fabless industry group. Broadcom, NVIDIA and SiTime 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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