The company shows strong fundamentals. Firstly, the high valuation of the group shows a great investors confidence in it because there are ready to pay a high price for the stock. Moreover, the consensus recently revised upward EPS estimates for this year and that let see a great potential for the security on the stock market.
From a technical viewpoint, the security is trading in a bullish trend in the short and the long term. Increasing moving averages let think there will be no reversal in the coming trading sessions. This growth should help to reach soon the USD 49.9 long term resistance.
A new bullish fluctuation could lead the security toward the USD 49.9 resistance. In consequence, investors can take a long position in Silicon Laboratories. A stop loss will be set under the short term support at USD 42.7.
Disclaimer: 4-traders.com is a website published by SURPERFORMANCE SAS. Surperformance or 4-traders.com is not a registered broker-dealer nor a registered investment adviser. You understand that this web site and its content is furnished for your personal, noncommercial, informational purposes only, and that no mention of a particular security in this website constitutes a recommendation to buy, sell, or hold any other security, nor that any particular security, portfolio of securities, transaction or investment strategy is suitable for any specific person. Surperformance and 4-traders.com services will not advise you personally concerning the nature, potential, value or suitability of any particular security, portfolio of securities, transaction, investment strategy or other matter. Information regarding trading and investment as provided by Surperformance professional is not tailored to the investment needs of any specific person. You acknowledge that you are responsible for your own financial decisions and should seek a registered financial agent depending on your own risk tolerance to advise you on your personal trading activities.
Designs and develops analog-intensive and mixed-signal integrated circuitsSilicon Laboratories, Inc. engages in the provision of of silicon, software, and solutions for the Internet of Things, Internet infrastructure, industrial control, consumer, and automotive markets.Its products include...