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Bullish Moving Average Cross by Skyworks Solutio (SWKS)

By Amy Schwartz

Today, shares of Skyworks Solutio (NASDAQ:SWKS) have advanced above their 10-day MA of $88.89 on a volume of 432K shares. Swing traders may find an opportunity 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 $60.12 and a high of $104.20 and are now at $89.75, which is 49% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has advanced 0.3%.

SmarTrend recommended that subscribers consider buying shares of Skyworks Solutio on January 18th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $69.73. Since that recommendation, shares of Skyworks Solutio have risen 26.5%. 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