SIMO Enters Oversold Territory

Silicon Motion Technology Corp.’s (NasdaqGS:SIMO - News) share price has entered into oversold territory with a stochastic value of 16.230. The Zacks Consensus Estimate on the company’s earnings for year ending December 2012 increased by 17 cents over the past week to $1.40 per share. Silicon Motion Technology Corp is a Zacks #1 Rank (“Strong Buy”) company.

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