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Downtrend Call Working As Silicon Motion Technology Stock Falls 10.8% (SIMO)

TMCNet:  Downtrend Call Working As Silicon Motion Technology Stock Falls 10.8% (SIMO)

[December 14, 2012]

Downtrend Call Working As Silicon Motion Technology Stock Falls 10.8% (SIMO)

Dec 14, 2012 (SmarTrend(R) Spotlight via COMTEX) -- SmarTrend identified a Downtrend for Silicon Motion Technology (NASDAQ:SIMO) on September 10th, 2012 at $14.42. In approximately 3 months, Silicon Motion Technology has returned 10.82% as of today's recent price of $12.86.

Silicon Motion Technology share prices have moved between a 52-week high of $24.98 and a 52-week low of $11.32 and are now trading 14% above that low price at $12.86 per share. In the last five trading sessions, the 50-day moving average (MA) has fallen 1.3% while the 200-day MA has slid 0.6%.

Silicon Motion Technology Corporation is a semiconductor company that designs, develops, and markets semiconductor products for the multimedia consumer electronics market. The Company's products include controllers used in mobile storage media and multimedia systems on a chip.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of Silicon Motion Technology.

Log in and add Silicon Motion Technology (SIMO) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.

Write to Chip Brian at cbrian@mysmartrend.com --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup

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