Silicom Ltd
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SILC Silicom Ltd
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Information Technology : Communications Equipment | Small Cap Blend
Based in Israel
Company profile

Silicom Ltd. (Silicom) is engaged in the design, manufacture, marketing and support of networking and data infrastructure solutions for a range of servers, server-based systems and communications devices. The Company's products include server network interface cards with and without bypass (Server Adapters); Intelligent and programmable cards, with features, such as encryption, acceleration, data compression, redirection, time stamping, network capture solutions, field programmable gate array (FPGA) based ultra-low latency solutions, and/or other offload features and/or compute blades (Smart Cards), and standalone Products. The Company's market segments for its products include network appliances; servers; data storage, including Big Data; The Cloud, virtualized data centers, with and without software-defined networking (SDN), and Internet of Things (IOT).

Closing Price
$25.46
Day's Change
0.00 (0.00%)
Bid
--
Ask
--
B/A Size
--
Day's High
--
Day's Low
--
Volume
(Light)
Volume:
5,855

10-day average volume:
17,122
5,855

Nvidia (NVDA) Crossed Above the 50-Day Moving Average: What That Means for Investors

8:30 am ET September 15, 2023 (Zacks) Print

Nvidia (NVDA) reached a significant support level, and could be a good pick for investors from a technical perspective. Recently, NVDA broke through the 50-day moving average, which suggests a short-term bullish trend.

The 50-day simple moving average is one of three major moving averages used by traders and analysts to determine support or resistance levels for a wide range of securities. But the 50-day is considered to be more important because it's the first marker of an up or down trend.

NVDA could be on the verge of another rally after moving 5.2% higher over the last four weeks. Plus, the company is currently a Zacks Rank #1 (Strong Buy) stock.

The bullish case only gets stronger once investors take into account NVDA's positive earnings estimate revisions. There have been 15 higher compared to none lower for the current fiscal year, and the consensus estimate has moved up as well.

Investors may want to watch NVDA for more gains in the near future given the company's key technical level and positive earnings estimate revisions.

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