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Stock Investors Bid Up Shares of Silicon Image, Up 2.4%

Published on Mon, 05/06/2013 - 10:22
By Peter Chu

Silicon Image (NASDAQ:SIMG) is one of today's notable stocks on the rise, up 2.4% to $5.63. The Dow Jones Industrial Average is now trading fractionally lower to 14,961 and the S&P is trading fractionally higher to 1,616.

In the past 52 weeks, shares of Silicon Image have traded between a low of $3.53 and a high of $5.63 and are now at $5.63, which is 59% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.7% while the 200-day MA has risen 0.7%.

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 (NASDAQ:SIMG) has potential upside of 38.5% based on a current price of $5.63 and analysts' consensus price target of $7.80. The stock should find initial support at its 50-day moving average (MA) of $4.81 and further support at its 200-day MA of $4.70.

By Peter Chu