Any reader that has followed Top Equity News knows that one of our favorite ways to hunt down investing ideas is to monitor ETF performance. On a weekly basis, although we don’t always write about it, TEN checks to see if a bunch of similar exchange traded funds clumped near the top of the performance leader-board.
A trio of semiconductor ETFs floated near the top yesterday.
- iShares PHLX SOX Semiconductor (SOXX)
- Market Vectors Semiconductor ETF (SMH)
- SPDR S&P Semiconductor ETF (XSD)
From there, Top Equity peels back the lids of the ETF cans to see the stocks inside. By finding the equities the funds have in common, investors can pinpoint the hottest stocks in the hottest corner of the market.
The three highlighted exchange traded funds share seven stocks.
- Cree, Inc. (CREE)
- Micron Technology, Inc. (MU)
- Lam Research Corporation (LRCX)
- Broadcom Corporation (BRCM)
- Cirrus Logic, Inc. (CRUS)
- Linear Technology Corporation (LLTC)
- Taiwan Semiconductor Manufactur (TSM)
TEN’s favorite chart belongs to Micron Technology, Inc. (MU), with Cirrus Logic, Inc. (CRUS) a close second.
Micron is busting loose on massive volume. To us, these means institutions are filling up their portfolios with the computer chip maker’s stock. After shaking weak hand out of MU on slow volume, shares U-turned on the company’s 26-day average and finished at a 2012 high last night.
We can see the stock continuing north into $10-$10.50 a share before running into the next block of resistance. At $10, that would be a 12.6% gain from Tuesday’s uniform close of $8.88.
On the downside, a close below Micron’s climbing 26-day line is about as low as TEN’s willing to go.
ETF X-Ray: Semiconductor ETFs Chipping In Winners is an article from: 
