Silicon Graphics rises after strong earnings and guidance, levels to watch Shares are up at a fresh 52-week high following strong earnings and next quarter guidance. At the current price of $15.20, next resistance is at $15.53, and then at $16.10. Support is at $14.93.
Silicon Graphics upgraded to Buy with $12 target at Needham Needham upgraded Silicon Graphics to Buy from Hold with a $12 price target citing improving federal spending and an attractive risk/reward profile. The firm believes shares offer "significant" upside potential should the company execute on even a subset of its major initiatives.