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Technology Stocks : Semi Equipment Analysis
SOXX 312.18-0.2%Dec 9 4:00 PM EST

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To: Return to Sender who wrote (50705)1/9/2011 4:26:56 PM
From: Donald Wennerstrom3 Recommendations   of 95541
 
Another general indicator for the SOXM stocks is to look at the weekly comparison of the market price compared to the consensus analyst projection of the 12 month target price.

Last September in the early stages of this present uptrend, there was a substantial difference between this market price and the 12 month targets. The bottom line difference during the week closing 9/17 was 79 percent, now the number is 99 percent. While the target price between the 2 points has gone up by only 1.37 dollars, the market price has advanced by 124.97 dollars. Also, back on 9/17 no stock exceeded its 12 month target price, now 11 of the 21 stocks exceeds their target price. Twelve of the estimates for the 21 stocks are less now than they were on 9/17.

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