David Stahl
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David Stahl in Stocks for Real Men,

Sizing Up The Sizzle In Semiconductor ETFs

The technology sector was boosted earlier this week on news of Broadcom Ltd. AVGO looking to acquire rival Qualcomm Inc. QCOM. Broadcom, in unsolicited fashion, offered $70 per share in cash and stock for rival Qualcomm with the former showing a willingness to make its offer hostile if need be.

At the time, Broadcom's offer for Qualcomm equaled $103 billion, which would amount to the largest takeover in technology sector history, assuming a deal is reached around that price or higher. Predictably, those headlines were positive for exchange traded funds, such as the VanEck Semiconductor ETF SMH and the iShares PHLX Semiconductor ETF SOXXSource

Stochastics are overbought, a breakout of the rising channel is kinda close.