SiTime had its Relative Strength (RS) Rating upgraded from 89 to 92 Friday.
How To Use Stock Charts To Stay Profitable And Protected
This proprietary rating measures market leadership by showing how a stock's price movement over the last 52 weeks compares to that of the other stocks in our database.
History reveals that the best-performing stocks tend to have an RS Rating of at least 80 at the beginning of a new price run.
The IBD 50 stock is now considered extended and out of buy range after clearing a 243.35 buy point in a first-stage cup without 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.
Earnings growth increased last quarter from 0% to 292%. But revenue gains 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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