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Buyers Accumulate Shares of Silicon Image, Up 2.6%

Published on Tue, 05/21/2013 - 10:19
By Mallory Stone

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