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Bearish Moving Average Cross by Skyworks Solutio (SWKS)

By James Quinn

Skyworks Solutio (NASDAQ:SWKS) shares have crossed bearishly below their 10-day moving average of $111.36 on a volume of 260K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, shares of Skyworks Solutio have traded between a low of $57.11 and a high of $117.65 and are now at $110.98, which is 94% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.9% while the 50-day MA has advanced 0.3%.

SmarTrend recommended that subscribers consider buying shares of Skyworks Solutio on February 6th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $103.74. Since that recommendation, shares of Skyworks Solutio have risen 8.0%. We continue to monitor SWKS for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses skyworks solutio

Ticker(s): SWKS