Bullish MACD for Silicon Motion
Silicon Motion Technology Corp. (ADR)’s (SIMO - Snapshot Report) MACD indicator has entered into bullish territory with a reading of 0.2037. The Zacks #1 Rank (“Strong Buy) stock increased more than 2% to $12.12 in afternoon trade. The Zacks Consensus Estimate for the year ending December 2011 has increased by 11 cents over the past two months to 74 cents per share.
Read the full analyst report on SIMO

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