Markets

Silicon Motion Technology Earns Relative Strength Rating Upgrade

Shutterstock photo

On Friday, Silicon Motion Technology ( SIMO ) received an upgrade to its Relative Strength ( RS ) Rating , from 69 to 73.

[ibd-display-video id=2881825 width=50 float=left autostart=true] This unique rating identifies market leadership by showing how a stock's price action over the last 52 weeks compares to that of the other stocks in our database.

History shows that the best stocks often have an RS Rating of above 80 as they begin their largest price moves. See if Silicon Motion Technology can continue to show renewed price strength and hit that benchmark.

Looking For The Best Stocks To Buy And Watch? Start Here

Silicon Motion Technology is not currently near a potential buy zone. See if the stock goes on to form a chart pattern that could spark a new run.

The company reported negative growth for both sales and earnings last quarter.

Silicon Motion Technology earns the No. 7 rank among its peers in the Computer Software-Storage industry group. NetApp ( NTAP ), Micron Technology ( MU ) and Carbonite ( CARB ) are among the top 5 highly rated stocks within the group.

RELATED:

Which Stocks Are Showing Improved Technical Action?

Why Should You Use IBD's Relative Strength Rating?

How Relative Strength Line Can Help You Judge A Stock

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


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

In This Story

MU RS CARB NTAP SIMO

Other Topics

Stocks