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Bullish Moving Average Cross by Skyworks Solutions (SWKS)

By James Quinn

Today, shares of Skyworks Solutions (NASDAQ:SWKS) have advanced above their 10-day MA of $63.42 on a volume of 424K 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 Solutions have traded between a low of $54.50 and a high of $112.88 and are now at $63.62, which is 17% above that low price. The 200-day and 50-day moving averages have moved 0.95% lower and 0.28% higher over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of Skyworks Solutions on April 20th, 2016 by issuing a Downtrend alert when the shares were trading at $72.20. Since that call, shares of Skyworks Solutions have fallen 13.7%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses skyworks solutions

Ticker(s): SWKS