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Market Movers -- SLAB

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Silicon Labs (NASDAQ:SLAB) was among the "big winners" in

the technology segment Tuesday, rising nearly 15% after the

company posted fourth-quarter results that beat expectations.

The chipmaker reported earnings of $13.8 million on sales of

$95.5 million, lower than the $23.8 million earned a year ago,

but the reduced numbers easily outpaced analysts' consensus

estimates.

Investors were delighted with the news and the renewed buying

pressure lifted SLAB shares from a multi-year low posted the

previous session. Although our sold (call) strike at $35 is not
yet in
danger, we are going to put this issue on the "watch" list
for
the next few days. A move above $34 on increasing volume

would likely signal our exit in the bearish position.


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