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Technology Stocks : Semi Equipment Analysis -- Ignore unavailable to you. Want to Upgrade?


To: OldAIMGuy who wrote (1347)12/4/2001 5:50:45 PM
From: Return to Sender  Read Replies (1) | Respond to of 95378
 
Hi Tom. I've noticed you over on the A.I.M. users thread. Good stuff there!

Subject 12596

I've noted a similarity in action throughout the semiconductors. While one of the more focused groups like EMS, or RF Semiconductors, or IC Chips, etc., may outperform another on a short term basis they all follow or contribute in some cases to the movement of the SOX itself.

Right now as I believe Gottfried was pointing out this morning these stocks are moving higher on hopes for a yet to be confirmed recovery. Fortunately A.I.M. takes the emotion out of investing. More from Breifing.com on the SOX:

2:08PM Sector Watch: Semiconductor : -- Technical -- The index (SOX at 530) has been locked within a narrowing trading range since peaking on Nov 14. Over the last week the index has found a strong floor at its 20 day exp ma with more aggressive price action noted today. While confirmation is needed, it is possible that a breakout of a triangle pattern is underway. Top of pattern resistance and 150 day simple ma are at 550/553 with its 200 day ma following at 561.

The semiconductors and semi equipment sectors (SOX 544.11 +33.11) led the broad based rally today. UBS Warburg called the bottom in the semiconductor cycle, as bookings and revenues should bottom in Dec and Feb, respectively. The firm upgraded a bunch of semi equipment names. (See Briefing.com Up/Down page). Leading performers were the comm IC stocks VTSS +13%, PMCS +12%, ANAD +12%....


Breakout coming? Check the SOX chart!

stockcharts.com[m,a]daclyymy[pc13!d20,2!i!a1875][vc60][iLc20!La12,26,9!Lw25!Lk14!Lf!Ld20!Lg!Lp14,3,3]

RtS