Chipmaker Stocks Gain Momentum, Break Out To Highs

By | May 13, 2014

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Not every industry group — within the top 20 among IBD’s daily rankings — drills for oil and gas or develops medicine. The chipmakers are actually doing quite well. As of Tuesday’s IBD, the Electronics-Semiconductor Manufacturing industry group ranked No. 9 for six-month relative price performance. The group has a price-weighted year-to-date gain of 7.9% vs. a 1.1% drop for the Nasdaq composite. As reported in this column on April 21, SanDisk Scalper1 News

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