PHLX SOX Semiconductor Sector Index: Take Profit At $86.84
Trading Central | Aug 27, 2014 02:54AM ET
A declining trend line has formed on the iShares PHLX Semiconductor ETF. A consolidation cannot be ruled out.
On a relative basis against the iShares Core S&P 500 (ARCA:IVV):
The iShares PHLX SOX Semiconductor ETF (NASDAQ:SOXX) has struck against a resistance, indicating a possible underperformance on the ETF.
Therefore, we close our long positions at $86.84. Perf: + 3.57%.
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