Right Even When the Sector Has Been Wrong

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The lagging semiconductors have made some good progress over the past two trading sessions, particularly with Intel’s positive reaction to earnings. As the sector as a whole attempts to improve its case for a major bottom, it is worth tracking the stalwarts in the space. Skyworks (SWKS) reported a huge earnings beat and climbed over 8% in after hours trading on Wednesday. I have been a long-term technical bull on SWKS due to its months chart breakout for while now. I expect the stock to be on the leaders going forward.

In addition, consider CYMI below as another leader even as the sector has been a notable loser in recent months.

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2 Responses to “Right Even When the Sector Has Been Wrong”

  1. Hi Chess, any thought on WFM ?
    Very weak these days instead market up. Is WFM broken or still within healthy correction ? Thanks.

Comments are closed.
Previous Posts by chessNwine

Right Even When the Sector Has Been Wrong

542 views

The lagging semiconductors have made some good progress over the past two trading sessions, particularly with Intel’s positive reaction to earnings. As the sector as a whole attempts to improve its case for a major bottom, it is worth tracking the stalwarts in the space. Skyworks (SWKS) reported a huge earnings beat and climbed over 8% in after hours trading on Wednesday. I have been a long-term technical bull on SWKS due to its months chart breakout for while now. I expect the stock to be on the leaders going forward.

In addition, consider CYMI below as another leader even as the sector has been a notable loser in recent months.

____________________________________

2 Responses to “Right Even When the Sector Has Been Wrong”

  1. Hi Chess, any thought on WFM ?
    Very weak these days instead market up. Is WFM broken or still within healthy correction ? Thanks.

Comments are closed.