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

Published on Mon, 05/06/2013 - 10:22
By Peter Chu in Market movers, SIMG, market movers, nasdaq:simg, silicon image

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
pchu@fnno.com

Latest News from FNNO

Shares of First Defiance Financial Under...

One of today's notable stocks in decline is First Defiance Financial (NASDAQ:FDEF), dow ...

Stock Investors Sell Off Shares of HMS H...

HMS Holdings (NASDAQ:HMSY) is one of today's notable stocks in decline, down 1.9% to $1 ...

Descartes Systems Shares Sinking Lower, ...

Descartes Systems (NASDAQ:DSGX) is one of today's notable stocks in decline, down 1.9% ...

Stock Investors Sell Off Shares of Alnyl...

Alnylam Pharmaceuticals (NASDAQ:ALNY) is one of today's notable stocks in decline, down ...

Ixia: The Losing Streak Continues (XXIA)...

Shares of Ixia (NASDAQ:XXIA) traded today at $10.48, breaking its 52-week low. So far ...

Shares of Range Resources Under Pressure...

Range Resources (NYSE:RRC) is one of today's notable stocks in decline, down 1.9% to $8 ...

Weingarten Realty Investors Looks to Con...

Shares of Weingarten Realty Investors (NYSE:WRI) traded today at $33.51, breaking its 5 ...

B&G Foods Shares Sinking Lower, Down 1.9...

B&G Foods (NYSE:BGS) is a company whose shares are active, trading 1.9% lower to $31.40 ...