[Entering Position in Silicon Laboratories (SLAB)]
Dear Member:
Silicon Laboratories (SLAB) turned and began a new uptrend in early March. It has broken a recent resistance and has also bounced off an uptrend on the weekly chart. Historically, SLAB has shown some fast movements. I like the stock at a limit of $30.43 and am placing a limit order to buy at that number or better. If filled, my initial exit would be on a close below the trend line.
DISCLOSURE: At the time of publication, I have no position in SLAB.
Sincerely,
Bill Kraft
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