Don't Ignore This Chart!

Aroon Turns Bullish for Semiconductor ETF

The Market Vectors Semiconductor ETF (SMH) is challenging resistance with a big surge over the last few weeks. Aroon confirms strength as Aroon Up (green) moved above Aroon Down (red) and hit the +100 level. This sometimes signals the start of a new trend. You can read more about Aroon in our ChartSchool.

Click this image for a live chart.
Arthur Hill
About the author: , CMT, is the Chief Technical Strategist at Focusing predominantly on US equities and ETFs, his systematic approach of identifying trend, finding signals within the trend, and setting key price levels has made him an esteemed market technician. Arthur has written articles for numerous financial publications including Barrons and Stocks & Commodities Magazine. In addition to his Chartered Market Technician (CMT) designation, he holds an MBA from the Cass Business School at City University in London. Learn More
Subscribe to Don't Ignore This Chart! to be notified whenever a new post is added to this blog!
comments powered by Disqus