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


To: Kirk © who wrote (1354)12/5/2001 1:11:20 PM
From: Return to Sender  Respond to of 95383
 
12:17AM Sector Watch: Semiconductors : -- Technical -- Sector has broken out on strong buy interest as the Philadelphia Semiconductor Index or SOX is higher by 6.0% at this point in the session. Index is currently trading at 576 which represents its best level since August 29. Notably, the SOX has cleared the upper end of both its 10 and 20-Day Bollinger bands at 568 and 560 respectively -- yet another bullish indicator for the intermediate-term outlook. Watch for near-term support around those levels, in the range of 560/568. Next notable resistance rests around 600/603.

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

The chart above confirms the Briefing.com comments. I believe approximately 650 on the SOX is not out of the question as the next level of truly serious resistance.

RtS