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Downtrend Call Working As Silicom Ltd Stock Falls 22.7% (SILC)

By Amy Schwartz

SmarTrend identified a Downtrend for Silicom Ltd (NASDAQ:SILC) on January 29th, 2018 at $68.98. In approximately 1 month, Silicom Ltd has returned 22.69% as of today's recent price of $53.33.

In the past 52 weeks, shares of Silicom Ltd have traded between a low of $26.75 and a high of $77.95 and are now at $53.33, which is 99% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.6%.

Silicom Ltd. designs, manufactures, markets, and supports multi-port gigabit-ethernet server adapters. The Company sells its multi-port gigabit-ethernet server networking adapters (including its bypass adapters) mainly to original equipment manufacturers.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of Silicom Ltd.

Log in and add Silicom Ltd (SILC) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.

Keywords: spotlights silicom ltd

Ticker(s): SILC