Feast Your Eyes on This Fresh Name
The market got a little frothier Thursday and extended stocks got even more extended. I don't like the fact that either is happening -- but I'm not fighting the trend, either, and that trend is still upward.
The broad-market gains weren't huge Thursday, but chip stocks and transports joined the party, which was encouraging. For instance, Market Vectors Semiconductor ETF (SMH) rallied 1.7% to $35.29, and its weekly chart shows a nice technical setup. After a breakout during the week of Jan. 20, the fund is firming up at its 10-week moving average and could be on the verge of breakout from a bigger base that started in May....506 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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