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Actionable news in QCOM: QUALCOMM Incorporated,

How to Trade Broadcom, Intel, 3 Other Chip Stocks Right Now

The U.S. semiconductor industry has been one of the stronger sectors, as measured by the PHLX Semiconductor Index, or SOX. The SOX has a gain of 24.7% year to date, indicating the global economy may be poised for a surprising growth spurt because the semiconductor industry's chips are components of almost every product consumers buy, from household appliances to handheld devices.

Broadcom (AVGO) , Intel (INTC) , Micron Technology (MU) , Qualcomm (QCOM) and Skyworks Solutions (SWKS) are five of the 30 components of the SOX that have bull market gains from their lows of early this year.

The weekly charts show a red line through the price bars, which are the key weekly moving averages (five-week modified moving average). The green line is the 200-week simple moving average considered the "reversion to the mean."

The study in red along the bottom of the chart is weekly momentum (a 12x3x3 weekly...