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iShares PHLX SOX Semiconductor Sector Index Fund Crosses Above its 10-day MA (SOXX)

By Shiri Gupta

iShares PHLX SOX Semiconductor Sector Index Fund (NASDAQ:SOXX) crossed over its 10-day moving average of $103.71 on a volume of 140K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

Over the past year, iShares PHLX SOX Semiconductor Sector Index Fund has traded in a range of $72.86 to $106.03 and is now at $104.71, 44% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.4% while the 200-day MA has remained constant.

SmarTrend recommended that subscribers consider buying shares of iShares PHLX SOX Semiconductor Sector Index Fund on July 11th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $96.04. Since that recommendation, shares of iShares PHLX SOX Semiconductor Sector Index Fund have risen 7.8%. We continue to monitor SOXX for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses ishares phlx sox semiconductor sector index fund

Ticker(s): SOXX