iShares PHLX SOX Semiconductor
Investment Thesis
SOXX has shed 18.6% from its June 30 peak ($640) to a July 17 intraday low of $498, driving RSI to 33.6 and the SOXX/SPY relative strength ratio RSI to 31.6 — a rare dual near-oversold reading suggesting the corrective move may be approaching exhaustion.
Catalysts to Watch
Pulled back 18.6% from the June 30 high of $640.76 to an intraday low of $498.54 on July 17; RSI fell to 33.6, SOXX/SPY ratio RSI hit 31.6, stochastic %D bottomed at 25.6, and price has since bounced +10.5% off the low — setting up a potential mean reversion entry.
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Timeline
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