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SmarTrend Watching for Potential Pullback in Shares of Silicon Labs After 1.46% Gain

By Shiri Gupta

Silicon Labs (NASDAQ:SLAB) traded in a range yesterday that spanned from a low of $112.30 to a high of $114.93. Yesterday, the shares gained 1.5%, which took the trading range above the 3-day high of $113.56 on volume of 119,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

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.

Over the past year, Silicon Labs has traded in a range of $73.13 to $115.29 and is now at $114.77, 57% above that low. Over the past week, the 200-day moving average (MA) has gone up 0.6% while the 50-day MA has advanced 1.0%.

Keywords: rebounders silicon labs

Ticker(s): SLAB