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Silicom Ltd Falls 11.77% on Heavy Volume: Watch For Potential Rebound

By James Quinn

Silicom Ltd (NASDAQ:SILC) traded in a range yesterday that spanned from a low of $33.56 to a high of $36.75. Yesterday, the shares fell 11.8%, which took the trading range below the 3-day low of $39.25 on volume of 1.5 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend recommended that its subscribers protect gains by selling shares of Silicom Ltd on January 29th, 2018 by issuing a Downtrend alert when the shares were trading at $68.98. Since that call, shares of Silicom Ltd have fallen 41.1%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Silicom Ltd share prices have moved between a 52-week high of $77.95 and a 52-week low of $26.75 and are now trading 35% above that low price at $36.10 per share. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.6% while the 200-day MA has remained constant.

Keywords: rebounders silicom ltd

Ticker(s): SILC