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Bullish MACD for Silicon Motion

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September 14, 2011 | Comment(s): 0
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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.

 

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