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Bullish Moving Average Cross by Skyworks Solutio (SWKS)

By Shiri Gupta

Today, shares of Skyworks Solutio (NASDAQ:SWKS) have advanced above their 10-day MA of $87.99 on a volume of 534K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, shares of Skyworks Solutio have traded between a low of $83.05 and a high of $117.65 and are now at $88.13, which is 6% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.9% while the 200-day MA has slid 0.5%.

SmarTrend recommended that its subscribers protect gains by selling shares of Skyworks Solutio on July 23rd, 2018 by issuing a Downtrend alert when the shares were trading at $95.37. Since that call, shares of Skyworks Solutio have fallen 8.6%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses skyworks solutio

Ticker(s): SWKS