The Weekly Chart on the SIMO is continuing its Bullish outlook, the Up Channel from May 2014 coupled with the Inverted H&S pattern from March 2015 through to March 2016 tells us that this Stock could well make new highs on a weekly basis until it finds strong resistance around the 44.50 to 47.00 area (Red Highlighted Box). The Neckline Breakout confirms the H&S...
Silicon Motion Technology stock has been in a strong uptrend since May of 2014. It is up more than +30% year to date.
The volume has been increasing nicely into the upward move over the last year.
Silicon Motion has beat on earnings with a positive earnings per share surprise for the last 7 quarters in a row going all the way back to July 29, 2013. The company...
SIMO puts in 3 strong days with high closes since the breakout.
It is now too far extended to buy, but it was almost my pick on 4/13/15, but I went with QLYS instead since it was a bit closer to the buy point at that time, and QLYS had better fundamentals.
PERFORMANCE WITHIN GROUP (SIMO)
SILICON MOTION TECH ADS RANK WITHIN THE ELEC-SEMICONDCTOR FABLSS GROUP...
