SOXL 176
SOXL closed around $173 yesterday, up ~11.6% on the day, and is up roughly 864% over the past year. The 52-week range has been $15.10–$191.29 , so you’re sitting near the upper end of that range.
Bullish case from here:
Both short and long term moving averages are giving buy signals, with the short-term MA above the long term MA a positive setup. Support levels sit around $169 and $118.
The semiconductor macro tailwind is strong global chip sales could approach $1 trillion in 2026, driven by generative AI chips nearing $500B in revenue and massive data center buildouts.