iShares PHLX SOX Semiconductor
Investment Thesis
SOXX has corrected -13.5% from its June 22 all-time high of $655 in just 8 sessions, with the stochastic deeply oversold at 11.3 while price holds above the rising 50-day MA ($545). A mean-reversion bounce toward $620+ looks probable if the 50-day MA holds as support.
Catalysts to Watch
SOXX dropped -13.5% from its 52-week high ($655→$566) over 8 sessions on expanding volume, pushing the stochastic to a deeply oversold reading of 11.3 while price remains above the rising 50-day MA at $545.
Why It May Work
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Timeline
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