Semiconductors On The Move

The semiconductor space has steadily been moving up the sector rankings. The SMH took out a very nice looking 46.69 cup base trigger yesterday and one would be intelligent to look within the group for longs. INTC’s comprises of almost 1/5th of the ETF and its strong move Tuesday above its own 27.34 cup bas pivot point put the stock at fresh 52 week highs. Sure there will be laggards like an HIMX or UCTT, but studies have shown the vast majority of a stocks move can be attributed to the sector it emanates from. Lets take a look at some names that ChartSmarter has profiled recently.