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Skyworks Solutio Crosses Below its 10-day MA (SWKS)

By David Diaz

Today, shares of Skyworks Solutio (NASDAQ:SWKS) have fallen below their 10-day MA of $79.65 on a volume of 174K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, Skyworks Solutio has traded in a range of $60.12 to $103.95 and is now at $79.34, 32% above that low. Over the last five market days, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has declined 0.6%.

SmarTrend recommended that subscribers consider buying shares of Skyworks Solutio on June 11th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $74.05. Since that recommendation, shares of Skyworks Solutio have risen 7.9%. We continue to monitor SWKS for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses skyworks solutio

Ticker(s): SWKS