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Buy the Semiconductor ETF for Economic Gains as Momentum Builds

Richard Suttmeier

Helping the SOXX is the formation of a "golden cross" on its daily chart confirmed on March 20. A "golden cross" occurs when the 50-day simple moving average rises above the 200-day simple moving average and indicates that higher prices lie ahead. The SOXX has 30 semiconductor stocks as components led by the five largest shown in this table.