When putting together your watch list, look for stocks with an 80 or higher RS Rating. Silicon Laboratories now meets that criteria, with a jump from 70 to 81 Monday.
IBD's proprietary rating identifies market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price performance over the trailing 52 weeks holds up against all the other stocks in our database.
Over 100 years of market history shows that the market's biggest winners tend to have an 80 or higher RS Rating as they begin their biggest runs.
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Silicon Laboratories is trying to complete a cup without handle with a 154.91 buy point. See if it can clear the breakout price in heavy volume.
The company posted 0% earnings growth in its most recent report. Sales increased -18%. The company is expected to report its latest numbers on or around Jan. 29.
The company earns the No. 23 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.
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