· Weekly signal · SMTC
Semtech Corporation (SMTC) loses 9.7% as weekly pullback cuts into chip rebound
The semiconductor stock remains sharply higher over 12 weeks, but the latest weekly market data show momentum under pressure.
Semtech Corporation (SMTC) closed at 135.27 USD for the week ended July 3, down -9.7% over one week and -10.4% over four weeks. The weekly price path over 52 weeks shows a setback after a steep prior advance.
The evidence is mixed rather than uniformly weak. The trend signal remains active and the 12-week return is still 58.7%, while Relative Strength at 40.5 and Market Dynamics at 1.2 point to cooling pressure around the move.