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Silicon Laboratories: The Winning Streak Continues (SLAB)

By Shiri Gupta

Silicon Laboratories (NASDAQ:SLAB) traded today at a new 52-week high of $60.06. Approximately 56,000 shares have changed hands today, as compared to an average 30-day volume of 244,000 shares.

Silicon Laboratories Inc. designs and develops analog-intensive, mixed-signal integrated circuits (ICs) for the wireless, wireline, and optical communications industries. Mixed-signal ICs are electronic components that process both digital signals and real-world analog signals, such as sound and radio waves.

Silicon Laboratories (NASDAQ:SLAB) is currently priced 8.2% above its average consensus analyst price target of $55.00. Silicon Laboratories shares have support at the 200-day moving average (MA) of $45.58 and additional support at the 50-day MA of $44.75.

Over the past year, Silicon Laboratories has traded in a range of $36.56 to $60.06 and is now at $59.91, 64% above that low. Over the past week, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has advanced 1.2%.

SmarTrend recommended that subscribers consider buying shares of Silicon Laboratories on July 15th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $51.24. Since that recommendation, shares of Silicon Laboratories have risen 16.0%. We continue to monitor SLAB for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows silicon laboratories

Ticker(s): SLAB