While the SOXX iShares Semi-conductor ETF is approaching new highs, we wanted to run a Signal Scan screen to see if there are any laggards to that uptrend. ON Semiconductor has had recent headwinds and may not be out of the woods yet. If you think that ON business will remain relevant over the long-term for the future of electric vehicles, fast-charging systems, industrial power, and storage systems, ON Semi-conductor might be something to you want to research further and evaluate for your long-term portfolio. If you think this warrants a small position in your portfolio, then when would be a good time to start legging into a position on ON Semi-conductor? SwingTraderEdge.ai indicators show that recent volume and price action indicate an uptrend. As always, this is not financial advice though. Do your own research.
"ON Semiconductor Corporation provides intelligent sensing and power solutions in the United States and internationally. The company operates through three segments: Power Solutions Group, Advanced Solutions Group, and Intelligent Sensing Group. Its intelligent power technologies enable the electrification of the automotive industry that allows for lighter and longer-range electric vehicles, empowers fast-charging systems, and propels sustainable energy for the solar strings, industrial power, and storage systems"
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