On Tuesday, Silicon Laboratories got an upgrade to its Relative Strength (RS) Rating, from 68 to 73.
IBD's unique rating tracks share price performance with a 1 (worst) to 99 (best) score. The rating shows how a stock's price movement over the last 52 weeks holds up against all the other stocks in our database.
Over 100 years of market history shows that the stocks that go on to make the biggest gains tend to have an RS Rating north of 80 as they launch their biggest price moves. See if Silicon Laboratories can continue to rebound and hit that benchmark.
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Silicon Laboratories is building a cup without handle with a 154.91 entry. See if it can clear the breakout price in heavy trading.
The company reported 0% EPS growth last quarter. Revenue increased -18%. Keep an eye out for the company's next round of numbers on or around Jan. 29.
The company holds the No. 31 rank among its peers in the Electronics-Semiconductor Fabless industry group. Broadcom, NVIDIA and Rambus are among the top 5 highly rated stocks within the group.
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