Top-ranked silicon motion technology flashes technical strength


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SILICON MOTION TECHNOLOGY (SIMO) had its Relative Strength (RS) Rating upgraded from 88 to 92 on Wednesday. Over 100 years of market history reveals that the market's biggest winners


typically have an 80 or better RS Rating at the beginning of a new climb. ↑ X NOW PLAYING How To Make Money In Stocks With IBD – Drafted Due To CAN SLIM Reference When looking for the best


stocks to buy and watch, a stock's relative price strength is an important criteria. This unique rating tracks technical performance by showing how a stock's price movement over


the last 52 weeks compares to that of the other stocks in our database. ------------------------- See How IBD Helps You Make More Money In Stocks ------------------------- At the moment, the


IBD 50 stock has climbed more than 5% past a 47.45 entry in a first-stage cup with handle, meaning it's now out of a proper buy range. Look for Silicon Motion stock to offer a new


chance to pick up shares if it forms a new pattern, such as a three-weeks tight or pullback to the 50-day or 10-week moving average. Yesterday, Silicon Motion Technology was the IBD Stock Of


The Day as the chipmaker outperforms its peers during the stock market recovery from the coronavirus crash. Regarding fundamentals, The Taiwan-based Nand flash controller developer has


posted rising EPS growth in each of the last three reports. Silicon Motion's revenue gains have also risen over the same time frame. Silicon Motion is the global leader in supplying


Nand flash controllers for solid-state storage drives. Its controllers are used in PCs, smartphones, servers and other devices. Silicon Motion holds the No. 1 rank among its peers in the


Computer Software-Storage industry group. SEAGATE TECHNOLOGY (STX) and NETAPP (NTAP) are also among the group's highest-rated stocks. IBD NEWSLETTERS GET EXCLUSIVE IBD ANALYSIS AND


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Rising Relative Strength? Why Should You Use IBD's Relative Strength Rating? How Relative Strength Line Can Help You Judge A Stock Check Out IBD's New IBD Live Panel Discussion