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After Yesterday's Decline of 2.27%, Silicon Labs Offers Investors Better Value

By Shiri Gupta

Silicon Labs (NASDAQ:SLAB) traded in a range yesterday that spanned from a low of $95.92 to a high of $97.73. Yesterday, the shares fell 2.3%, which took the trading range below the 3-day low of $96.24 on volume of 126,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Silicon Labs share prices have moved between a 52-week high of $110.70 and a 52-week low of $73.13 and are now trading 32% above that low price at $96.68 per share. The 200-day and 50-day moving averages have moved 0.02% higher and 1.38% higher over the past week, respectively.

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: rebounders silicon labs

Ticker(s): SLAB