Silicon Motion Technology stock has been in a strong uptrend since May of 2014. It is up more than +30% year to date.
The volume has been increasing nicely into the upward move over the last year.
Silicon Motion has beat on earnings with a positive earnings per share surprise for the last 7 quarters in a row going all the way back to July 29, 2013. The company will report earnings today, April 27, 2015, after market close.
The EPS forecast has been rising over the last 90 days which is often a sign that another positive earnings surprise is coming.
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