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

By Shiri Gupta

Skyworks Solutions (NASDAQ:SWKS) shares have crossed bearishly below their 10-day moving average of $74.39 on a volume of 803K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, Skyworks Solutions share prices have been bracketed by a low of $54.50 and a high of $112.88 and are now at $73.63, 35% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.9% while the 50-day MA has advanced 0.3%.

SmarTrend recommended that subscribers consider buying shares of Skyworks Solutions on July 12th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $65.82. Since that recommendation, shares of Skyworks Solutions have risen 13.4%. 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