A few weeks ago, it got 3 standard deviations above its 50-day moving average, which triggered him to take profits. It's a short-term trade.
Both have had very good runs. He'd take a third off the table. If it goes up, you still have two thirds. If it goes down, pat yourself on the back for being so smart. Then you can figure out if the trend is there to go lower. For both he'd trim a bit, and either way you'll feel good about yourself. :)
Semiconductors run everything around us. When he participates in these ETFs, he always does it by thirds, both on the way in and on the way out.
Semis are overbought, a legacy of the pandemic, but inventories are starting to normalize and even a few shortages in places. We're overdue for a decline. A trader can play this, but this is not a long-term buy.
Companies like Apple are now bringing semi-conductors back in-house and the sector is seeing many changes. It's hard to see who will be the winner. The sector has run tremendously so he would wait for a pullback before putting money in.
iShares PHLX Semiconductor ETF. is a American stock, trading under the symbol SOXX-Q on the NASDAQ (SOXX). It is usually referred to as NASDAQ:SOXX or SOXX-Q
In the last year, 5 stock analysts published opinions about SOXX-Q. 2 analysts recommended to BUY the stock. 2 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for iShares PHLX Semiconductor ETF..
iShares PHLX Semiconductor ETF. was never recommended as a Top Pick on Stockchase. Read the latest stock experts ratings for iShares PHLX Semiconductor ETF..
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
5 stock analysts on Stockchase covered iShares PHLX Semiconductor ETF. In the last year. It is a trending stock that is worth watching.
On 2023-09-22, iShares PHLX Semiconductor ETF. (SOXX-Q) stock closed at a price of $466.06.
Don't sell on recent strength.
Expecting further growth.
Would advise a stop loss - market could fall with upcoming recession fears.
If large position in portfolio - suggest selling a little bit.