Rochester, NY 8/6/2009 9:30:37 PM
Ml Semicond Hldr1240, SMH - Illustrates Resilience Semiconductors Emerging As Leaders
ML SEMICOND HLDR1240
ML SEMICOND HLDR1240, SMH
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Semiconductor HOLDRS ETF is a popular exchange traded fund that tracks the semiconductors. SMH is a great vehicle for trading the semiconductors as a group, rather than trading individual stocks.
Notice how SMH has been above a rising 50-day moving average since March. It cleared a base in April and held above it on several tests. It also has been resilient over the past week as the markets threaten a reversal. If it can clear the $22 level, it may pave the way for an extended move higher.
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