A 'Semi' ETF Opportunity

Published 09/26/2012, 11:15 AM
Updated 07/09/2023, 06:31 AM

From a numbers perspective the SMH (Semiconductors Holders Trust) might be due for a bounce, currently:

  1. Only 6% of the stocks within the ETF are above their 10 day moving average, making the ETF short term oversold.
  2. Only 25% of the stocks within the ETF are above their 50 day moving average, making the ETF somewhat oversold in the intermediate term.
  3. The ETF is down 6 out of the last 7 days. Technically its down 7 days in a row, the difference in the one up day was 3 cents.

If new money comes in at the beginning of the quarter due to last quarter’s performance, this ETF could get a boost.
Semiconductors Holders Trust
The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.

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