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Downtrend Call Working As Silicom Ltd Stock Falls 5.6% (SILC)

By Shiri Gupta

SmarTrend identified a Downtrend for Silicom Ltd (NASDAQ:SILC) on April 29th, 2019 at $32.88. In approximately 2 weeks, Silicom Ltd has returned 5.61% as of today's recent price of $31.03.

In the past 52 weeks, Silicom Ltd share prices have been bracketed by a low of $30.25 and a high of $45.50 and are now at $31.03, 3% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has declined 1.2%.

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