Silicon Motion Technology

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Silicon Motion Technology ( SIMO) is a fabless semiconductor company that designs, develops and markets semiconductor solutions for the multimedia consumer electronics market. This stock is trading up 1.8% at $20.97 in recent trading after hitting a 52-week high of $21 earlier in the day.

Today's Range: $20.72-$21

52-Week Range: $4.05-$21

Volume: 212,000

Three-Month Average Volume: 761,147

Silicon Motion Technology has a market cap of $649.21 million and an enterprise value of $567.18 million. The stock trades at a trailing price-to-earnings of 28.61 and a forward price-to-earnings of 14.66. Its estimated growth rate for this year is 190.5%, and for next year it's pegged at 17.2%.

From a technical standpoint, SIMO is flirting with a major breakout trade if the stock can manage to sustain a move and close above $21 with heavy volume. A high-volume move above that level in should set this stock up for a sharp spike higher.

At last check, volume has registered well below its average volume, so be cautious unless that volume starts to pick up. If volume does improve and SIMO takes out $21, then look for a re-test of its next significant resistance level at around $24.50 in the near future.

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