SIMO Crosses Below Key Moving Average Level


In trading on Thursday, shares of Silicon Motion Technology Corp (Symbol: SIMO) crossed below their 200 day moving average of $80.38, changing hands as low as $79.79 per share. Silicon Motion Technology Corp shares are currently trading off about 2.7% on the day. The chart below shows the one year performance of SIMO shares, versus its 200 day moving average:

Looking at the chart above, SIMO’s low point in its 52 week range is $64.41 per share, with $98.65 as the 52 week high point — that compares with a last trade of $80.07.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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