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Stocks Flashing Renewed Technical Strength: Silicon Laboratories


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On Monday, Silicon Laboratories ( SLAB ) reached an important technical milestone, with its Relative Strength ( RS ) Rating entering into the 80-plus percentile with an improvement to 84, up from 80 the day before.

[ibd-display-video id=2102289 width=50 float=left autostart=true] IBD's unique rating identifies market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock's price performance over the last 52 weeks stacks up against all the other stocks in our database.

Decades of market research reveals that the market's biggest winners typically have an RS Rating north of 80 in the early stages of their moves.

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Silicon Laboratories is within a buying range after climbing above a 97.03 buy point in a cup without handle . Once a stock moves 5% or higher beyond the original entry, it's considered out of a proper buying area.

Earnings grew 17% last quarter, up from 5% in the prior report. Revenue also increased, from 9% to 12%. The company is expected to report its latest earnings and sales numbers on or around Feb. 1.

Silicon Laboratories holds the No. 6 rank among its peers in the Electronics-Semiconductor Fabless industry group. Nvidia ( NVDA ), Cavium ( CAVM ) and Monolithic Power Systems ( MPWR ) are among the top 5 highly rated stocks within the group.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.



This article appears in: Investing , Stocks
Referenced Symbols: SLAB , RS , NVDA , MPWR



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