Home > Boards > US Listed > Computers - Semiconductors > Semiconductor HOLDRS (SMH)

Semiconductor ETF (SMH) Tagging Multi-Factor Support

Public Reply | Private Reply | Keep | Last ReadPost New MsgPrevious | Next
ITMS Member Profile
Member Level 
Followed By 40
Posts 1,430
Boards Moderated 1
Alias Born 10/13/09
160x600 placeholder
ITMS Member Level  Monday, 05/20/19 02:25:55 PM
Re: None
Post # of 7833 
Semiconductor ETF (SMH) Tagging Multi-Factor Support

Shares of the Semiconductor ETF (SMH) are down again today as the trade war is red hot. Trading at $101.50, the SMH is now entering a multi-factor support area. First, the daily 200 moving average is here at $101.50. Next, the 50% Fibonacci retrace level from the December 2018 lows to the recent April 2019 highs is at $100.78. The fact that the Semi's are near-term oversold and hitting these two levels at the same time, gives a high chance of a strong bounce in the coming days. A bounce would likely take the SMH back as high as $110.00.



Gareth Soloway
InTheMoneyStocks

Public Reply | Private Reply | Keep | Last ReadPost New MsgPrevious | Next
Follow Board Follow Board Keyboard Shortcuts Report TOS Violation
X
Current Price
Change
Volume
Detailed Quote - Discussion Board
Intraday Chart
+/- to Watchlist