Does Silicom Ltd. (SILC) Have Any Gas After Forming This Bullish Multiple Top?

March 15, 2018 - By Dolores Ford

The stock of Silicom Ltd. (SILC) shows a multiple tops pattern with $36.86 target or 3.00 % above today’s $35.79 share price. The 8 months chart pattern indicates low risk for the $266.42M company. It was reported on Mar, 15 by If the $36.86 price target is reached, the company will be worth $7.99 million more.
Multiple tops are chart patterns with decent performance in a bull market. The failure rate is higher but the average decline is reasonable. Back-tests of such patterns show that the break even failure rate is 10%, the average rise: 19%, the throwback rate: 61% and the percentage of stocks meeting their price targets: 40%.

The stock decreased 11.98% or $4.87 during the last trading session, reaching $35.79. About 1.93M shares traded or 1609.63% up from the average. Silicom Ltd. (NASDAQ:SILC) has risen 96.23% since March 15, 2017 and is uptrending. It has outperformed by 79.53% the S&P500.

More recent Silicom Ltd. (NASDAQ:SILC) news were published by: which released: “Top 10 Cloud Player Cancels New Cloud Infrastructure Architecture That Used …” on March 13, 2018. Also published the news titled: “Silicom Ltd. (SILC) PT Lowered to $50 at Needham & Company; ‘Not All Is Lost'” on March 14, 2018.‘s news article titled: “Silicom plunges after losing largest order” with publication date: March 13, 2018 was also an interesting one.

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