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ITMS

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ITMS

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Tuesday, 01/03/2012 11:15:03 AM

Tuesday, January 03, 2012 11:15:03 AM

Post# of 784
Semiconductor Stocks Are Sending Out Warning Flags


The semiconductor sector is a very important group of stocks that traders should follow closely. Often the semiconductor stocks will lead most technology stocks higher and lower. Since December 19, 2011 the Semiconductor Holders ETF (NYSEARCA:SMH) has rallied higher by $2.47 a share. This morning, the SMH is trading higher by 0.72 cents to $31.15 a share. Traders must watch for very important daily chart resistance around the $32.00 area. Since October and November 2011 this has been an important resistance level for the SMH. Short term traders can watch for intra-day resistance on SMH around the $31.40 level. ...Continue reading here: http://bit.ly/rVenVl
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