I think it's about 60/40 that the group will close down rather than up on Monday Don. I'm presently looking for oversold semiconductor stocks and it is slim pickings. As I look through the charts throughout the semiconductor industry I find very few that are close enough to being oversold to be interesting to me.
In the semiconductor equipment group I see MTSN which closed at 6.11. I would give it a buy rating at around 5 1/2.
stockcharts.com[h,a]daclyyay[pb50,200!d20,2][vc60][iUb14!Uk14!La12,26,9]&pref=G
In DVD chips I like ESST which closed at 19 below 18 at around 17 1/2.
stockcharts.com[h,a]daclyyay[pb50,200!d20,2][vc60][iUb14!Uk14!La12,26,9]&pref=G
In DRAM I like MU here at 33 but would like it much better at 30.
stockcharts.com[h,a]daclyyay[pb50,200!d20,2][vc60][iUb14!Uk14!La12,26,9]&pref=G
If we get enough warnings this week the SOX will fall to the the 50 day moving average at 558 by Tuesday.
stockcharts.com[h,a]daclyyay[pb50,200!d20,2][vc60][iUb14!Uk14!La12,26,9]&pref=G
Keep in mind that despite the up move on Friday the last three sessions all are within the large down move shown in Wednesday's candlestick. Friday was simply a bit of consolidation. We have not had enough selling yet to create a substantial move higher before we get into actual earnings in my opinion. Disclaimer: I own none of the stocks discussed in this post and would enjoy hearing from other posters. If the SOX falls far enough I will be buying stocks not discussed in this post at all.
finance.yahoo.com^SOXX+^IXIC&d=t
RtS |
