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Bullish Moving Average Cross by Skyworks Solutions (SWKS)

By James Quinn

Today, shares of Skyworks Solutions (NASDAQ:SWKS) have crossed bullishly above their 10-day moving average of $101.43 on a volume of 230K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Over the past year, Skyworks Solutions has traded in a range of $54.50 to $112.88 and is now at $102.07, 87% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.3% while the 200-day MA has slid 0.9%.

SmarTrend recommended that subscribers consider buying shares of Skyworks Solutions on December 8th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $78.36. Since that recommendation, shares of Skyworks Solutions have risen 28.9%. We continue to monitor SWKS for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses skyworks solutions

Ticker(s): SWKS