Market Vectors Semiconductor ETF (SMH, Financial) is closely monitoring critical pivot points. Calculated using the DeMark method, the pivot high is set at $201.00, while the pivot low stands at $195.99. Investors often view a break above the pivot high as a bullish signal, suggesting potential upward momentum. Conversely, a breach below the pivot low is considered bearish, indicating possible downward pressure on the stock.
These pivotal price levels are crucial for traders and investors. As SMH approaches these thresholds, market participants will be keenly observing to identify possible trends and make informed trading decisions.
