Thursday, August 26, 2010

Semiconductors - Lowest Close In 5 Months


Stocks opened higher today but quickly fell into negative territory with the biotechs and semis leading the way lower. The ETF for the semis symbol SMH made its lowest close for the past 5 months.  The year low which was made in February comes in at 24.42 and is within a day's range of being tested.

1 comment:

Anonymous said...

I could be me, but this screams buy as we reached the lower band of trading range.
Jack

DISCLAIMER

This site may include market analysis. All ideas, opinions, and/or forecasts, expressed or implied herein, are for informational purposes only and should not be construed as a recommendation to invest, trade, and/or speculate in the markets. Trading and investing involves high levels of risk. Any investments, trades, and/or speculations made in light of the ideas, opinions, and/or forecasts, expressed or implied herein, are committed at your own risk, financial or otherwise.
 
Google
Technorati Profile Finance Blogs - Blog Top Sites