SIMO: Potential BuyRising in a channel with a recent bullish momentum breaking the major KL I'm expecting price to keep climbing upwards with a target of 73 USD.
SIMO trade ideas
SIMO - Setting up as the market chops1) Solid fundamentals with a history of beating earnings the past year - with the last earnings announcement resulting in a gap up.
2) SIMO has since had time to base out, forming a cup and handle pattern just as the market is chopping with no apparent direction.
3) VCP type characteristics on the handle, with volume drying up to a trickle. I like this ticker as price tightens, volume continues to contract and finally breaks out of the pivot point.
simo just watching.. just interesting to me is all.. has potential but not a by the book set up for sure.
Silicon Motion Announces New $200 Million Share Repurchase ProgrSIMO: Silicon Motion Technology Corporation.
2021-12-06 18:00:00
Silicon Motion Announces New $200 Million Share Repurchase Program and Reiterates Guidance
Bullish On Semi's? Go Long $SIMO.I'm bullish on semi-conductor stocks. Especially small & mid-cap names. Check out Silicon Motion Technology. I like the set up here.
P/E = 17.73
EPS Growth = 483%
Nice entry point IMO.
New to charting. Let me know what you think?
Thanks.
Silicon Motion Technology $SIMO broke out$SIMO broke out of cup with handle base with buy point of $47.35. RSI broke the resistance as well. The volume is super
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$SIMO breakout @$47.45 PT1 @53.00Nice breakout with high volume. Likely immediate target at prior high @ $53.00
Silicon Motion Announces $200 Million Share Repurchase ProgramSIMO: Silicon Motion Technology Corporation
2018-11-21 08:00:00
Silicon Motion Announces $200 Million Share Repurchase Program
SIMO - longI found SIMO when performing a scan on my new IG account, based on fundamentals. I don't understand all the fundamentals I selected but I was left with a few stocks, so they are probably ok.
They do stuff out of sand, so they will probably not run out of materials in short run.
SIMO: Recovery To All Time Highs?SIMO has retraced a significant amount of its Wave (iii) upside from its all time high $56.21 in Jul 2016.
Fibonacci: It appears to have bottomed up and rebounded from its 61.8% retracement.
Indicators: Momentum divergence of RSI and MACD is supportive of the analysis.
Look for a conclusive break above the Ending Diagonal for a high confidence trade.
If the expanded FLAT is indeed completed, look for upside northwards of $56.21.
Any break below its ending diagonal low at 37.37 will invalidate this trade and indicate other options.
SIMO setup to continue its climb up the Median LineHigh growth potential and a healthy financial position make SIMO an attractive investment opportunity. On the chart, SIMO has been following this Median Line since the beginning of 2016 and is currently testing the sliding parallel off the lower line. Is this Median Line exhausted at this point or will it continue to hold? With a fundamentally strong company like SIMO, my bet is on the latter.
Higher Handles on SIMO ready to breakout if the markets willingLook for a breakout and run around $40.37 on SIMO
The SIMO showing no real signs of slowing...The Weekly Chart on the SIMO is continuing its Bullish outlook, the Up Channel from May 2014 coupled with the Inverted H&S pattern from March 2015 through to March 2016 tells us that this Stock could well make new highs on a weekly basis until it finds strong resistance around the 44.50 to 47.00 area (Red Highlighted Box). The Neckline Breakout confirms the H&S Pattern, the Dual Resistance Breakout confirms the Bulls are still dominating. However being oversold across the timeframes would suggest a Pullback is pending, we can expect to see that Pullback testing the Weekly Trendline Support and or the now Dual Support level keeping the uptrend intact.
SIMO strong confirmation out of long cup w/ handleSIMO puts in 3 strong days with high closes since the breakout.
It is now too far extended to buy, but it was almost my pick on 4/13/15, but I went with QLYS instead since it was a bit closer to the buy point at that time, and QLYS had better fundamentals.
PERFORMANCE WITHIN GROUP (SIMO)
SILICON MOTION TECH ADS RANK WITHIN THE ELEC-SEMICONDCTOR FABLSS GROUP (51 STOCKS)
Composite Rating 99 Rank within Group: 1st
100%
Best in Group
EPS Rating 93 Rank within Group: 5th
92%
Relative Strength Rating 96 Rank within Group: 4th
94%
SMR Rating A Rank within Group: 5th
92%
Acc/Dist. Rating B Rank within Group: 13th
76%
Composite - Group Leaders
AMBA
AMBARELLA INC
AVGO
AVAGO TECHNOLOGIES LTD (Added to My Stock Lists 04/17/15)
CAVM
CAVIUM INC
IDTI
INTEGRATED DEVICE TECH
NXPI
NXP SEMICONDUCTORS N V (Added to My Stock Lists 04/15/15)
Composite Rating 99
GENERAL MARKET AND INDUSTRY GROUP (SIMO)
General Market
Uptrend under pressure
Industry Group
Industry Group Rank (1 to 197) 3
FUNDAMENTAL PERFORMANCE (SIMO)
Current Earnings
EPS Due Date 04/27/2015
EPS Rating 93
EPS % Chg (Last Qtr) 60%
Last 3 Qtrs Avg EPS Growth 63%
# Qtrs of EPS Acceleration 0
EPS Est % Chg (Current Qtr) 175%
Estimate Revisions
Last Quarter % Earnings Surprise 2.1%
Annual Earnings
3 Yr EPS Growth Rate -8%
Consecutive Yrs of Annual EPS Growth 1
EPS Est % Chg for Current Year 26%
Sales, Margin, ROE
SMR Rating A
Sales % Chg (Last Qtr) 53%
3 Yr Sales Growth Rate 0%
Annual Pre-Tax Margin 24.8%
Annual ROE 19.4%
Debt/Equity Ratio 0%
TECHNICAL PERFORMANCE (SIMO)
Price And Volume
Price $33.77
RS Rating 96
% Off 52 Week High -1%
Price vs. 50-Day Moving Average 18%
50-Day Average Volume 658,000
Supply And Demand
Market Capitalization $1.1 B
Accumulation/Distribution Rating B
Up/Down Volume 1.1
% Change In Funds Owning Stock 0%
Qtrs Of Increasing Fund Ownership 0
