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SmarTrend Watching for Potential Rebound in Shares of Semiconductor HOLDRs Trust After 2.92% Loss

By Shiri Gupta

Semiconductor HOLDRs Trust (AMEX:SMH) traded in a range yesterday that spanned from a low of $53.09 to a high of $54.65. Yesterday, the shares fell 2.9%, which took the trading range below the 3-day low of $55.13 on volume of 4.0 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend is tracking the current trend status for Semiconductor HOLDRs Trust and will alert subscribers who have SMH in their portfolio or watchlist when shares have changed trend direction.

In the past 52 weeks, Semiconductor HOLDRs Trust share prices have been bracketed by a low of $43.53 and a high of $60.13 and are now at $53.33, 23% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.4%.

Keywords: rebounders amex:smh semiconductor holdrs trust

Ticker(s): SMH