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Shares of Micron Tech Rank the Highest in Terms of Relative Performance in the Semiconductors Industry (MU , QCOM , SWKS , QRVO , AVGO )

By Shiri Gupta

We looked at the Semiconductors industry and measured relative performance to find the top stocks. Relative outperformance is a bullish sign of underlying fundamental and technical strength. We look at yesterday's price action of all companies in this peer group.

Micron Tech (NASDAQ:MU ) ranks first with a gain of 4.50%; Qualcomm Inc (NASDAQ:QCOM ) ranks second with a gain of 3.99%; and Skyworks Solutio (NASDAQ:SWKS ) ranks third with a gain of 3.37%.

Qorvo Inc (NASDAQ:QRVO ) follows with a gain of 2.50% and Broadcom Ltd (NASDAQ:AVGO ) rounds out the top five with a gain of 2.41%.

SmarTrend recommended that its subscribers protect gains by selling shares of Skyworks Solutio on July 23rd, 2018 by issuing a Downtrend alert when the shares were trading at $95.37. Since that call, shares of Skyworks Solutio have fallen 11.5%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: relative performance micron tech qualcomm inc skyworks solutio qorvo inc broadcom ltd