Buyers Accumulate Shares of Silicon Image, Up 2.6%

Published on Tue, 05/21/2013 - 10:19
By Mallory Stone in Market movers, SIMG, market movers, nasdaq:simg, silicon image

Silicon Image (NASDAQ:SIMG) is a company whose shares are active, trading 2.6% higher to $6.11. The S&P is currently trading fractionally lower to 1,664 and the Dow Jones Industrial Average is trading fractionally higher to 15,337.

In the past 52 weeks, shares of Silicon Image have traded between a low of $3.53 and a high of $6.12 and are now at $6.11, which is 73% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.6% while the 50-day MA has advanced 1.4%.

Silicon Image, Inc. designs, develops, and markets semiconductor solutions for applications that require high-bandwidth, integrated solutions for high-speed data communications. The Company's products enable host systems to transmit digital video data and enable displays to receive and manipulate digital video data.

Silicon Image has overhead space with shares priced $6.11, or 22.7% below the average consensus analyst price target of $7.90. The stock should discover initial support at its 50-day moving average (MA) of $5.05 and subsequent support at its 200-day MA of $4.80.

By Mallory Stone
mstone@fnno.com

Latest News from FNNO

Recent 52-Week Low Surpassed in Shares o...

Unisys (NYSE:UIS) traded at a new 52-week low today of $21.09. Approximately 5.1 milli ...

TransCanada: 52-Week High Recently Eclip...

TransCanada (NYSE:TRP) traded at a new 52-week high today of $51.46. So far today appr ...

Recent 52-Week High Exceeded in Shares o...

Shares of Trinity Industries (NYSE:TRN) traded today at $46.17, breaking its 52-week hi ...

Watch for Continued Gains in Shares of S...

Shares of Sasol (NYSE:SSL) traded today at $60.69, breaking its 52-week high. So far t ...

Shares of China Petroleum & Chemical Ris...

China Petroleum & Chemical (NYSE:SNP) traded today at a new 52-week high of $98.89. Ap ...

Saia Looks to Continue to Trade Above it...

Shares of Saia (NASDAQ:SAIA) traded at a new 52-week high today of $47.94. So far toda ...

Watch for Continued Gains in Shares of R...

Robert Half International (NYSE:RHI) traded today at a new 52-week high of $53.08. So ...

RPC Looks to Continue to Trade Above its...

RPC (NYSE:RES) traded at a new 52-week high today of $24.50. So far today approximatel ...