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iShares Semiconductor ETF (SOXX) Approaching Death Cross Despite Recent Gains: Should Investors Worry?

Benzinga LogoBenzinga11h ago

iShares Semiconductor ETF (SOXX) Approaching Death Cross Despite Recent Gains: Should Investors Worry? - Benzinga

Quick Summary:

The iShares Semiconductor ETF (NASDAQ:SOXX) has been on a bullish run, boasting a 25.16% gain year-to-date and a remarkable 45.12% rise over the past year.Tracking U.S.-listed semiconductor sector equities, the iShares Semiconductor ETF rode the surge in demand for AI, cloud computing and automotive technologies.

Despite its strong performance, the iShares Semiconductor ETF is flirting with a potential Death Cross — a bearish signal that occurs when a short-term moving average crosses below ...

But as the industry faces ongoing geopolitical tension and supply chain disruptions, a looming technical indicator casts a shadow over its rally.

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iShares Semiconductor ETF (SOXX) Approaching Death Cross Despite Recent Gains: Should Investors Worry? - Benzinga (Picture 1)

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Article Details

Author / Journalist: Surbhi Jain

Category: Technology

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-07 @ 18:13:31 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 344 words

Reading Time: 2 minutes read

Sentences: 13 lines

Sentence Length: 27 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 22929561

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