Silicon Image, Inc. : No sign of improvement !
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07/17/2012 | 09:26am
Opinion : Bearish under 3.92 USD
Target price : 3.27 USD
Stop loss: 3.92 USD
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NASDAQ
Semiconductors |
Silicon Image is a leading provider of wireless and wired connectivity solutions that enable the reliable distribution and presentation of high-definition content for consumer electronics, mobile, and PC markets. The company delivers its technology via semiconductor and intellectual property products that are compliant with global industry standards and feature market leading Silicon Image innovations. The trend is clearly bearish and it could soon reach its USD 3.2 support.
The fundamental situation of the company remains fragile. Currently, the company is trading 77.23 times its sales, which is still a significant valuation for the company. Analysts regularly revised downward EPS estimates, which would become soon negative.
From a technical viewpoint, prices are in a downward trend. Moving averages are trending down and put pressure on the stock, which confirms this downward momentum. This trend may continue toward the USD 3.27 support.
Taking into account fundamental and technical elements, investors can initiate a short position in Silicon Image with a target price at USD 3.27. A return toward USD 3.92 will invalidate the bearish strategy.
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