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Shares of Silicon Image Under Pressure, Down 1.4%

Published on Fri, 06/28/2013 - 13:57
By Adrienne Chilton

One of today's stocks on the move is Silicon Image (NASDAQ:SIMG), down 1.4% to $5.66. The S&P is currently trading fractionally lower to 1,611 and the Dow Jones Industrial Average is trading 0.4% lower to 14,966.

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.

In the past 52 weeks, Silicon Image share prices have been bracketed by a low of $3.53 and a high of $6.28 and are now at $5.66, 60% above that low price. The 200-day and 50-day moving averages have moved 0.28% higher and 1.14% higher over the past week, respectively.

Potential upside of 39.6% exists for Silicon Image, based on a current level of $5.66 and analysts' average consensus price target of $7.90. Silicon Image shares have support at the 50-day moving average (MA) of $5.58 and additional support at the 200-day MA of $4.92.

By Adrienne Chilton