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Shares of Silicon Labs Has Fallen Below Previous 52-Week Low

By James Quinn

Shares of Silicon Labs (NASDAQ:SLAB) traded at a new 52-week low today of $80.25. So far today approximately 106,000 shares have been exchanged, as compared to an average 30-day volume of 245,000 shares.

There is potential upside of 37.1% for shares of Silicon Labs based on a current price of $80.54 and an average consensus analyst price target of $110.44. Silicon Labs shares should first meet resistance at the 50-day moving average (MA) of $94.08 and find additional resistance at the 200-day MA of $96.80.

Over the past year, Silicon Labshas traded in a range of $80.25 to $110.70 and are now at $80.54. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.8%.

Silicon Laboratories Inc. is a provider of silicon, software and solutions for the Internet of Things (IoT), internet infrastructure, industrial control, consumer and automotive markets. The Company solves problems in the electronics industry providing customers with significant performance, energy savings, connectivity and design simplicity.

SmarTrend is tracking the current trend status for Silicon Labs and will alert subscribers who have SLAB in their portfolio or watchlist when shares have changed trend direction.

Keywords: 52 week high/lows silicon labs

Ticker(s): SLAB