Silicon Image, Inc. : No sign of improvement !
Entry price | Target | Stop-loss | Potential |
---|---|---|---|
US$3.73 | US$0 | US$3.92 | +100% |
The fundamental situation of the company remains fragile. Currently, the company is trading 77.23 times its sales, which is still a significant valuation for the company. Analysts regularly revised downward EPS estimates, which would become soon negative.
From a technical viewpoint, prices are in a downward trend. Moving averages are trending down and put pressure on the stock, which confirms this downward momentum. This trend may continue toward the USD 3.27 support.
Taking into account fundamental and technical elements, investors can initiate a short position in Silicon Image with a target price at USD 3.27. A return toward USD 3.92 will invalidate the bearish strategy.