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Semiconductors (SMH) Appear Ready to Spring
By Mike Paulenoff | Published  06/13/2007 | Stocks | Unrated
Semiconductors (SMH) Appear Ready to Spring

The Semiconductor HLDRs ETF (SMH) continues to grind higher and actually is trading above its May-June resistance line. Once again, the SMH looks to me like it is coiled ready to spring towards 37.00/25 next.





Mike Paulenoff is a 26-year veteran of the financial markets and author of MPTrader.com, a real-time diary of his technical chart analysis and trading alerts on all major markets. For more of Mike Paulenoff, sign up for a free 15-Day trial to his MPTrader Diary by clicking here.