IShares PHLX SOX Semiconductor Sector Index Fund (SOXX) : Short Sell @ $5292
Regarding technical indicators, the daily RSI is facing a strong resistance area while intraday technical indicators are well overbought now.
On a relative basis against the IVV S&P500, the iShares PHLX SOX Semiconductor Sector Index Fund is challenging a key declining trend line and looks set for a consolidation.
Short Sell @ $52.92 – Stop loss @ $53.95 – Target @ $47.75
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