VanEck Vectors Semiconductors ETF (NYSEARCA: SMH) Chart
The SMH had a monthly close back above its multi-year base and the MFU-4 target which was generated off the 2009 low and puts it in a strong position.
Are the semiconductor bulls ready to ride again?
I think so.
Here we present the next upside target in the SMH as well as some long ideas that screen well in our work.
Some long ideas: Lattice Semiconductor (LSCC), Silicon Laboratories (SLAB), Teradyne (TER), Marvel Technology (MRVL), Lam Research (LRCX), Texas Instruments (TXN), Applied Materials (AMAT), Advanced Micro Devices (AMD), Xilinx (XLNX), First Solar (FSLR).
The author may have positions in mentioned securities at the time of publication. Any opinions expressed herein are solely those of the author, and do not in any way represent the views or opinions of any other person or entity.
