Beware of Falling Chips
Chip stocks are looking heavy and dangerous after selling frenzies that followed earnings reports from Intel (INTC), Altera (ALTR) and SanDisk (SNDK) last week. While Intel held key support into the weekend, the other components of the PHLX Semiconductor Index (SOX) hit new 2012 lows and entered major downtrends, dropping the index into a test of the 200-day exponential moving average.
...579 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
There’s no substitute for a trading floor to get great ideas, so Jim Cramer created a better one at Real Money and blogs there exclusively. We then added legendary hedge fund manager, Doug Kass, with his exclusive Daily Diary and best investing ideas. Staffed with more than 4 dozen investing pros, money managers, journalists and analysts, Real Money Pro gives you a flood of opinions, analysis and actionable trading advice found nowhere else, and allows you to interact directly with each expert.
Already a Subscriber? Please login.
