SmarTrend Watching for Potential Rebound in Shares of Semiconductor HOLDRs Trust After 1.34% Loss
Semiconductor HOLDRs Trust (AMEX:SMH) traded in a range yesterday that spanned from a low of $51.98 to a high of $52.54. Yesterday, the shares fell 1.3%, which took the trading range below the 3-day low of $52.13 on volume of 2.4 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.
SmarTrend is monitoring the recent change of momentum in Semiconductor HOLDRs Trust. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Semiconductor HOLDRs Trust in search of a potential trend change.
Over the past year, Semiconductor HOLDRs Trust has traded in a range of $43.53 to $60.13 and is now at $52.05, 20% above that low. The 200-day and 50-day moving averages have moved 0.02% lower and 0.43% higher over the past week, respectively.
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