On Tuesday, SiTime stock reached a key performance benchmark, seeing its Relative Strength (RS) Rating jump into the 80-plus percentile with an improvement to 81, up from 76 the day before.
IBD's unique RS Rating measures technical performance by using a 1 (worst) to 99 (best) score that identifies how a stock's price action over the last 52 weeks matches up against the rest of the market.
Decades of market research shows that the stocks that go on to make the biggest gains typically have an 80 or better RS Rating as they launch their biggest price moves.
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Is SiTime Stock A Buy?
SiTime stock is building a consolidation with a 141.99 buy point. See if the chip stock can break out in heavy trading. Read "Looking For The Next Big Stock Market Winners? Start With These 3 Steps" for more tips.
Top and bottom line growth moved higher last quarter. Earnings were up 0%, compared to -63% in the prior report. Revenue increased from -30% to -14%.
SiTime stock holds the No. 18 rank among its peers in the Electronics-Semiconductor Fabless industry group. NVIDIA, Arm Holdings ADR and Broadcom are among the top 5 highly rated stocks within the group. Check out "Chip Stocks To Watch And Semiconductor Industry News."
