Silicon Laboratories had its Relative Strength (RS) Rating upgraded from 67 to 71 Tuesday — a welcome improvement, but still below the 80 or higher score you prefer to see.
IBD's unique RS Rating identifies technical performance by showing how a stock's price action over the last 52 weeks measures up against that of the other stocks in our database.
Over 100 years of market history shows that the stocks that go on to make the biggest gains often have an RS Rating north of 80 as they begin their largest price moves. See if Silicon Laboratories can continue to rebound and clear that threshold.
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While Silicon Laboratories is not near an ideal entry right now, see if it is able to form and break out of a proper consolidation.
Silicon Laboratories showed 0% earnings growth in its most recent report, while sales growth came in at 91%. The next quarterly numbers are expected on or around Apr. 23.
The company holds the No. 20 rank among its peers in the Electronics-Semiconductor Fabless industry group. Rambus, Broadcom and NVIDIA 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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